Fox will Take on 'The Chronicles of Narnia: Voyage of the Dawn Treader'

Since Disney dropped out of the financing with Walden Media over the Chronicles of Narnia the end was near… well that's untill 20th Century Fox stepped in and saved the day.  According to  Variety, Fox has made a commitment to develop The Chronicles of Narnia: Voyage of the Dawn Treader butthey are working out the budgeting and script issues.

After budget and script concerns are settled, Fox and Walden are expected to greenlight the film. The intention is to move the production away from Mexico, where, ironically, it was going to be shot at the Fox-owned Baja facility called Rosarito used for "Titanic" and "Master and Commander." "Dawn Treader" will instead likely shoot in Australia because of concerns for the drug violence and kidnappings that are taking place near Baja.

Fox and Walden will split production and P&A costs for "Dawn Treader," which is projected to go into production at a $140 million budget. That's considerably less than the $215 million or so spent on last year's "Prince Caspian," which was considered something of a box office disappointment as compared with the first "Narnia" pic, 2005's "The Lion, the Witch and the Wardrobe" ($419 million vs. $745 million worldwide, respectively).

Still, "Caspian," which is considered the least commercially appealing of the seven C.S. Lewis "Narnia" novels, ranked No. 10 in global box office performance last year. "Dawn Treader" is considered to be a more family film-friendly book, and the goal is to get back to the magical aspects present in the first "Narnia" pic but mostly absent from "Prince Caspian."