Good News For Narnia: Fox To Develop Next Film

Earlier this week, Variety reported that 20th Century Fox has stepped in to save the third Narnia film, "The Chronicles of Narnia: Voyage of the Dawn Treader", which Disney decided to pass on financing.

Disney's decision may have been based on the performance of the second film, "Prince Caspian," which despite grossing over $400 million dollars, was considered a box office disappointment. The first film, 2005's "The Lion, the Witch and the Wardrobe", grossed $745 million worldwide.

Fox will partner with Walden Media (producers of the first two Narnia films) to create Dawn Treader. While many aspects of this new partnership remain to be worked out, the hope is to have the film in theaters for the 2010 holiday season.