Disney has announced that they have dropped the third Chronicles of Narnia film after deciding that co-producing and distributing the film, entitled “The Voyage of the Dawn Treader,” would prove too costly given the economic downturn.
The decision will leave the production company Walden Media on its own looking for a new partner to release the third film.
The new movie would have had a budget of over $200 million USD but its box office return was uncertain given the current climate and the diminished returns of the second movie in the franchise. The first film, “The Lion, the Witch and the Wardrobe,” grossed $745 million USD worldwide but its sequel, “Prince Caspian” only made $418 million worldwide.
For the time being, it is being reported that 20th Century Fox is a possibility to back the new movie, however they will require a tighter budget.
For a good opinion piece on why Disney is making a terrible mistake, read here: A ‘Chronicles of Narnia’ voyage Disney should take
Result for: downturn
Suppliers of Liquid-crystal Display (LCD) components have witnessed a decline in sales during October. The decrease is what was expected with an industry-wide downturn which has forced panel makers to cut back productions. After consolidated sales of NT$3.38 billion (US$102.9 million) in September this year, backlight unit (BLU) maker Radiant Opto-Electronics reported a 10% drop in October and a 13.66% on year to NT$3.01 billion.
Radiant did report that its LED BLU shipments to the notebook/netbook segment grew sequentially in October, with LED BLU shipments to large-size notebooks reaching 463,000 units last month. The figure is up from 351,000 units in September. Shipments to medium-size netbooks grew slightly from 687,000 in September to 690,000 in October.
Wah Hong Industrial, an Optical film supplier reported an 17.26% rise in consolidated sales to NT$617 million back in September, and then suffered a decline of 15.7% in consolidated revenues to NT$520 million in October. Wellypower Optronics, a cold cathode fluorescent lamp (CCFL) maker announced that its October consolidated revenues fell 16.5% sequentially and 43.1% on year to NT$423 million.
Wellypower said shipments to the LCD TV segment accounted for 29% of total shipments for October.
Result for: downturn
Suppliers of Liquid-crystal Display (LCD) components have witnessed a decline in sales during October. The decrease is what was expected with an industry-wide downturn which has forced panel makers to cut back productions. After consolidated sales of NT$3.38 billion (US$102.9 million) in September this year, backlight unit (BLU) maker Radiant Opto-Electronics reported a 10% drop in October and a 13.66% on year to NT$3.01 billion.
Radiant did report that its LED BLU shipments to the notebook/netbook segment grew sequentially in October, with LED BLU shipments to large-size notebooks reaching 463,000 units last month. The figure is up from 351,000 units in September. Shipments to medium-size netbooks grew slightly from 687,000 in September to 690,000 in October.
Wah Hong Industrial, an Optical film supplier reported an 17.26% rise in consolidated sales to NT$617 million back in September, and then suffered a decline of 15.7% in consolidated revenues to NT$520 million in October. Wellypower Optronics, a cold cathode fluorescent lamp (CCFL) maker announced that its October consolidated revenues fell 16.5% sequentially and 43.1% on year to NT$423 million.
Wellypower said shipments to the LCD TV segment accounted for 29% of total shipments for October.
