AceShowbiz -

"The Chronicles of Narnia: The Voyage of the Dawn Treader" has faced an upsetting news before it even begins filming. On Tuesday, December 23, both Walt Disney Pictures and Walden Media have confirmed that the third "Narnia" movie will have to move on without the mouse house supporting its production.

Choosing not exercising its option to co-produce and co-finance the sequel to "The Chronicles of Narnia: Prince Caspian", the studio pointed out on budgetary and logistical reasons. Still, they do not elaborate more on those reasons. Due to Disney's exit, Walden reportedly will look for other partner, which most likely candidate for the moment is said to be the 20th Century Fox.

"The Chronicles of Narnia: The Voyage of the Dawn Treader" itself has been reported to be in pre-production and is set to begin shooting in spring of 2009. Michael Apted was on board to direct a script by Steven Knight and "Prince Caspian" stars, Ben Barnes, Georgie Henley, and Skandar Keynes, are expected to return and reprise their roles. The movie is slated for May 7, 2010 U.S. release.