Disney has dropped the Narnia series, citing logistical and budgetary concerns. Seems Prince Caspian, the second installment of the seven that were planned, did not do as well at the box office as The Lion, the Witch, and the Wardrobe. Never mind that it still turned over a $200 million profit. Apparently that's not good enough to move forward with the project.
Walden Media will shop around for a replacement for Disney. I hope they are successful. Our family enjoyed the first two films immensely and was looking forward to the third--Voyage of the Dawn Treader--with great anticipation.
I have nothing concrete on which to base this and I don't have time to go looking, but I can't help wondering if the Narnia series is being held to a different standard by those in power in Hollywood. It doesn't promote politically correct ideology, bash America, or preach tolerance for immorality, but instead is overflowing with family values and Christian symbolism. My gut tells me that a different standard would apply if Narnia were more in line with Hollywood's values.