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Saturday
15Nov2008

Will We See Another 'Narnia' Movie?

There's some great coverage of this story at Coming Soon, which covers a little bit more of the corporate machinations at work, but the main point of interest is that the third Narnia movie has not yet gotten the go-ahead.

The news came as part of a press release from Walden Media announcing that co-founder and co-CEO Cary Granat is leaving the company effective December 1st. He will remain on as a consultant, with a focus on The Chronicles of Narnia franchise. Voyage of the Dawn Treader, which Disney had tentatively scheduled for a May 7, 2010 release, has not been given the green light, and with about 18 months before that release date, something better happen soon.

Of course, one reason for the delay could be the lackluster performance of Prince Caspian this summer. It debuted well below expectations and never made up ground, and while The Lion, the Witch, and the Wardrobe nearly grossed $300 million in the U.S. and made over $750 million worldwide, the second film in the series made only $140 million domestically and just over $400 million globally.

How could a $400 million movie be less than a success? It only doubled its budget, which isn't a sensational margin when you add up post-production expenses, like marketing and other costs. But the larger issue is clearly how can a prohibitively expensive franchise that lost so much of its audience from one film to the next justify another $200 million up front to get the third film made?

I actually thought Prince Caspian was the better film of the two, but it's definitely not as family friendly. So you have to wonder, knowing that if you only make one more movie that it has an awful lot to wrap up, whether or not it's worth it creatively, and if you're hoping to make more than one movie whether or not it's worth it financially.

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Reader Comments (2)

I liked the movie alot but I think peter should come back because he is the best. I also think you should make another movie because you can't end it like that and narnia is sweeeeet!
I loved it
-jana

Thursday, April 9, 2009 | Unregistered CommenterJana Robinson

Don't you dare try to say change the original series any more than you already have. Leave it as is. You start changing stuff you loose money and loose the respect given to you by the fans of The Lion the Witch and the Wardrobe.

Tuesday, October 13, 2009 | Unregistered Commentersomeone

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