Despite the sequel to The Chronicles of Narnia The Lion The Witch and The Wardrobe grossing nearly $500,000,000 (Half a Billion Dollars) in world grosses Disney have decided not to follow up on the series and have declined to fund the sequel The Chronicles of Narnia The Voyage of the Dawn Trader.

The first of the Narnia films grosses over $700,000,000 in worldwide grosses, but despite this the sequel could only manage just over half of this, with the budget to make the film topping $200 million Disney have decided to pass on the option to fund a third film.

As this was a joint venture between Disney and Walden Media it appears that there may be hope for the continuing adventures of Narnia, if Walden can find a funder for the next film there is a chance we will see it in cinemas.

It's on the whole bad news as Disney can throw more at the film that money can buy, but there is light, although with recent kid oriented family films not performing well at the box office if they don't have the name Harry Potter attached then who can tell.

It looks like it may be a while before we see a sequel to Prince Caspian so don't hold your breath, but it seems like the next film will have to perform at the box office if we are to see the full series produced for the big screen.