Sci Fi channel wrote:Disney said last week that for budgetary and logistical reasons it will not exercise its option to co-produce and co-finance The Chronicles of Narnia: The Voyage of the Dawn Treader, the envisioned third installment in the fantasy franchise, with producer Walden Media, according to The Hollywood Reporter.
Dawn Treader, based on the classic book by C.S. Lewis, was in preproduction and set for a spring shoot for a planned May 2010 release. The development puts the participation of the talent attached in doubt. Michael Apted was on board to direct a script by Steven Knight. The key players in the second installment, Prince Caspian--Ben Barnes, Georgie Henley, William Moseley and Anna Popplewell--were to return for the third film.
It is rare for a studio to pull out of a planned trilogy in midstream, but the number-crunching showed a franchise on a downward trend. The first installment, The Lion, the Witch and the Wardrobe, roared to $745 million worldwide. This year, Prince Caspian grossed just $419 million.
Walden has a strong relationship with the Lewis estate and will shop Treader in hopes of finding a new partner. The most likely candidate at this stage is Fox, which markets and distributes Walden fare under the Fox Walden banner.
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