Disney crunched its numbers and decided to bow out of the latest entry in the C.S. Lewis classic books The Chronicles of Narnia: The Voyage of the Dawn Treader.

The third installment is in preproduction with Michael Apted to direct a script by Steven Knight. Most of the key players from the second film are on board as well: Ben Barnes, Georgie Henley, William Moseley and Anna Popplewell.

Walden has held faithfully with the Lewis estate and plans to shop Treader in anticipation of finding new partner. The most likely candidate is Fox, which markets and distributes Walden property under the Fox Walden banner.