Poor box office figures for The Chronicles of Narnia: Prince Caspian has led to Disney bailing out of the third movie.
According to The Hollywood Reporter Disney and Walden Media confirmed last Tuesday that Disney would not be co-producing or co-financing the next installment due to budgetary and logistical reasons.
Walden Media will now have to find a new partner if the Chronicles of Narnia: The Voyage of the Dawn Treader is to get it's May 2010 release.
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