It seems that a fantasy series will go on without the Mouse House's involvement. According to The Hollywood Reporter, Disney will not produce or finance the third film in the Narnia series, The Chronicles of Narnia: The Voyage of the Dawn Treader.
While the studio wouldn't go into further detail on the decision, it was said that financial and logistical reasons were behind the move to leave the franchise. The film was set to start principal photography in the spring, for a 2010 release, but the move puts the film and those attached in limbo. Michael Apted was set to direct from a script by Steven Knight, with Ben Barnes, George Henley, William Moseley and Anna Popplewell from The Chronicles of Narnia: Prince Caspian set to return.
While the first film in the series, The Chronicles of Narnia: The Lion, The Witch and The Wardrobe was a huge success at the box office, taking in $292 million domestically, The Chronicles of Narnia: Prince Caspian fell off sharply, grossing just $141 million at the domestic box office.
It was said that the film is being shopped around to the studios, and that Fox would be a likely suitor, as it distrbutes other non-Narnia films from Walden Media under its Fox Walden banner.