For the fantasy fans out there, C.S. Lewis’s magnum opus has hit some major problems.
The Hollywood Reporter announced today that Disney has declined “for logistical and budgetary reasons” to jump onboard for a third Narnia film.
Considering the initial plan was for Disney to back a trilogy, this is quite unusual — but considering “Prince Caspian” only hit $141 million domestically versus the $292 million of “Lion,” Disney may simply used this as ballast to tighten their belts in the growing media recession.
An interesting question now is where the series will go next. Considering the influx of children’s book adaptations, including Harry Potter, Despereaux, and the Golden Compass, co-producer Walden Media may have a number of backers to petition. The frontrunner at this point is Fox, who already co-produces films with Walden under the Fox Walden banner.
The third film set to be produced by Walden Media would be “The Voyage of the Dawn Treader.” According to reps, the film would retain all four main characters from the first films, and was slated to open May 2010.