20th Century Fox has decided to co-produce "The Chronicles of Narnia: The Voyage of the Dawn Treader", the third installment of the "Chronicles of Narnia" series with Walden Media. The film is expected to start at end of summer 2009. The flick is based on the best selling novel of the same name by C.S. Lewis.
Fox and Walden will split costs, and it may take around $140 million to produce "Dawn Treader." In comparison, "The Chronicles of Narnia: Prince Caspian" cost more than $200 million to make.
It is known that both Fox and Walden will split the film's production and P&A costs, are still working out the approval of final script as well as the shooting budget, which are reportedly much lower than the $225 million budget of "The Chronicles of Narnia: Prince Caspian".
"Caspian" opened last year and collects $419 million worldwide. "The Lion, the Witch and the Wardrobe," the first film in the series has collected $718 million.
Michael Apted is set to direct the film. Ben Barnes, Skandar Keynes and Georgie Henley back as Prince Caspian, Edmund and Lucy. Will Poulter will also join the cast as Eustace Clarence Scrubb.
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