Los Angeles: Disney confirmed on Wednesday that it would not be involved in the third film of “The Chronicles of Narnia” fantasy series, dealing a blow to the franchise based on C.S. Lewis’s classic books.
A spokeswoman for Disney confirmed in an email that the company had chosen not to exercise an option to co-produce and co-finance the next “Narnia” film with producers Walden Media.
The Hollywood Reporter cited “budgetary and logistical reasons” for Disney’s decision, which leaves the third film “The Chronicles of Narnia: The Voyage of the Dawn Treader” facing an uncertain future.
The film was due to start filming early next year with a release date tentatively set for 2010.
The two previous films in the series “The Lion, the Witch and the Wardrobe” and “Prince Caspian” have grossed more than $1.1 billion worldwide since the first film was released in 2005.
The Hollywood Reporter said the decision reflected a cooling of interest by movie studios in adapting children’s fantasy novels, following the success of the “Harry Potter” and “Lord of the Rings” films.