According to Empire Magazine, Walt Disney Studios has announced that they will not be co-producing and co-financing the third film Narnia film, The Voyage of the Dawn Treader. Based on the fifth book in CS Lewis’ Narnia universe, Dawn Treader follows Edmund, Lucy and Eustace as they are unexpectedly drawn into Narnia through a painting of a ship. They land in the ocean near King Caspian’s ship, the Dawn Treader and join him on a quest to find the seven lost Lords of Narnia.

Ben Barnes (Caspian), Skandar Keynes (Edmund), and Georgie Henley (Lucy) were all expected to return for the new film. Now, with the status of the film in question, it is unknown if they will be back. Empire goes on to mention that Fox might be a likely new partner for Walden Media, the company behind the series. Walden has worked with Fox on some of their other productions, including Mr. Magorium’s Wonder Emporium, Nim’s Island, and City of Ember. The Chronicles of Narnia: The Voyage of the Dawn Treader was expected to be released in 2010 with another sequel The Chronicles of Narnia: The Silver Chair coming out in 2011.