There’s been a shakeup at Walden Media with co-CEO and founder Cary Granat stepping down from the company. But more importnatly, the rights holder of the Narnia series has not given any indication that the third installment of the series has been given the go-ahead for production. The official press release for Granat’s exit indicated as much.
It is now looking unlikely that Disney’s earmarked premiere date for Voyage of the Down Treader — May 7, 2010, may not happen.