When Disney announced on Christmas Eve that it would no longer fund the Chronicles of Narnia movies, some wondered if the franchise was dead as Walden Media was left holding a very expensive ball–essentially all dressed up with no place to go (and not enough money to spend).
Various stories have circulated about exactly why Disney bailed–everything from economic reasons to disagreements with Walden founder/funder Phil Anschutz–but the big question still remained: Would any major studio pick up the ball? Because Walden didn't have the money to move forward without any help.
That question was answered Wednesday when several publications–Variety, the LA Times, and the Hollywood Reporter–all ran stories saying that 20th Century Fox will pick up the tab to co-finance the third Narnia film, Voyage of the Dawn Treader.
Variety reports that Fox and Walden "are still working out budget and script issues, but the hope is to shoot the film at the end of summer for a holiday 2010 release through the ...1