According to Variety, having grossed nearly $530 million worldwide, not only has The Chronicles of Narnia: The Lion, the Witch and the Wardrobe become a surprise hit, it has also outearned King Kong by almost $70 million.

The success of The Lion, the Witch and the Wardrobe, the first published in the C.S. Lewis series but second chronologically, is spurring plans for a sequel based on the next title, Prince Caspian. Granat said work on a script is under way, with plans to tap a director within a few weeks.

RELATED: Chronicles of Narnia Producer Wants a Netflix Series Instead of a Movie

"We're planning on starting production by the fourth quarter of next year," Granat said.

Dont't forget to also check out: The Chronicles of Narnia: Prince Caspian