NEW YORK (
The Chronicles of Narnia: The Voyage of the Dawn Treader
underperformed during its opening weekend, bringing in $24.5 million from ticket sales for
In comparison, the first two films of the series each brought in close to $60 million for
during their opening weekends.
Walt Disney and
entered a non-exclusive production arrangement in 2002 through which Disney financed and distributed the first two films, based on the fantasy book series written by C.S. Lewis.
The Lion, the Witch and the Wardrobe
, brought in $65.6 million during its first weekend in the U.S. in 2005. The second movie,
, opened in 2008 and brought in $55 million in its first weekend.
total worldwide sales were down 43.6% to $420 million from the first movie's $745 million.
In December of 2008, Disney said it would not finance the third
film, citing "budgetary and logistical reasons," according to
The Hollywood Reporter
After Disney refused to work with Walden on the third installment of the franchise, the
producer struck a deal with News Corp.'s Twentieth Century Fox to back the next film.
The franchise seems to be losing steam as
The Voyage of the Dawn Treader
is on track to underperform both of its prequels. So far the film has brought in $105 million worldwide.
News Corp.'s filmed entertainment segment accounts for more than 20% of revenue source. Revenue from its filmed entertainment segment was
from $1.52 billion. The decrease was due to the difficult comparison to 2010's first quarter results, which included earnings from the success of
Ice Age: Dawn of the Dinosaurs
, which was the highest international grossing animated film of all time.
-- Written by Theresa McCabe in Boston.
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