The Budget for Greta Gerwig's NARNIA Movie Is the Second Largest in Netflix's History
The budget has been revealed for filmmaker Greta Gerwig’s upcoming film, Narnia: The Magician’s Nephew, and the number secures the film in the spot for second largest budget in Netflix history.
The news was revealed by two-time Academy Award-nominated cinematographer Seamus McGarvey in a recent appearance on the We Need to Talk About Oscars podcast (via ComingSoon).
McGarvey talked about the film’s scale and his excitement for the project, saying: “I just find it tremendously exciting to go from a documentary, which I’ve just done with Lorna Tucker, my wife, and a documentary about a Chinese pianist, to Narnia, which is a 280 million dollar Netflix project, and with lots of visual effects.
“And to me, it’s a kind of cinematographic Pilates. It’s like the exercise in different creative muscles, and that’s exciting about it, that you can have like endless avenues of potential, creative potential, depending on the project and depending on the director.”
The film’s budget still sits behind the Russo brothers’ 2025 film The Electric State ($320 Million), and it nestles into the number two spot, bumping Martin Scorsese’s The Irishman (2019), which had a budget of $225 Million, into number three.
Greta Gerwig (Barbie, Little Women) is writing and directing Narnia: The Magician’s Nephew, based on the book series by C.S. Lewis.
The film will star Beatrice Campbell in the role of Polly Plummer, and she will be joined by Meryl Streep, Carey Mulligan, Daniel Craig, Ciarán Hinds, Emma Mackey, Denise Gough, Kobna Holdbrook-Smith, Susan Wokoma, and David McKenna.
The movie will be released in theaters on February 12, 2027, and available to stream on Netflix on April 2, 2027.