'The Voyage of the Dawn Treader', the third instalment of the 'Chronicles of Narnia' franchise will be developed by Twentieth Century Fox alongside Walden Media.Walt Disney Pictures, which produced the first two films, pulled out of The Chronicles Of Narnia: The Voyage Of The Dawn Treader last month, citing budgetary reasons.
Fox will reportedly share the production costs, which are thought to be around $140 million, with Walden Media.
Richard LaGravenese has taken on script duties and director Michael Apted will helm the project. Andrew Adamson and Mark Johnson will take on producing duties.
The studio is likely to greenlight the project after budgetary and script concerns are settled.
Production is scheduled to begin in Australia this summer, with a slated holiday 2010 release date.
Ben Barnes, Skandar Keynes and Georgie Henley will reprise their roles, with Son Of Rambow star Will Poulter joining the cast as Eustace Clarence Scrubb.
