Both Walt Disney Pictures and Walden Media have confirmed long rumored reports about backing out of the next upcoming Narnia sequel “The Voyage Of The Dawn Treader” to be true. that for budgetary and logistical reasons it will not be working together on "The Chronicles Of Narnia: The Voyage Of The Dawn Treader" with Walden, this came as a shock to many Narnia fans of both the books and the films, after waiting a long three years for “Prince Caspian” to be made (due to legal reasons) now it looks like “The Voyage Of The Dawn Treader” may never see day one of filming since Walt Disney Pictures pulled out for the project which make up for half of the film’s finances. Though losing its key financer, Walden Media stated that it will begin shopping the franchise around in hope of finding another studio who will pick up the extra slack left behind from Walt Disney Pictures.
Personally, this did not go unforeseen, though the first Narnia film (The Lion, the Witch and the Wardrobe) managed to make all its money back with a very big amount of profit, it still lacked in what was expected of it due to some who had compared it to the epicness of “LOTR” and now after facing what is considered a lackluster performance at the box office for its sequel in 2008, this could be seen as a sign for future film failing in its post LOTR genre, so in my personal opinion it highly unlikely that the third film will be made at all, or not seen at least. Like I said, this was not unforeseen.
More news to come on The Voyage Of The Dawn Treader and more as we hear it.