Greta Gerwig’s adaptation of C.S. Lewis’s classic novel, Narnia: The Magician’s Nephew, is set to receive a significant theatrical release from Netflix, a change from the streamer’s usual strategy.

Theatrical and Streaming Release

The film will premiere in IMAX theaters and have a wide global theatrical release on February 12, 2027, before becoming available for streaming on Netflix on April 2, 2027. This decision highlights Netflix’s confidence in the project and Gerwig’s ability to deliver a successful adaptation.

This move represents a substantial investment in a traditional theatrical release for a film primarily intended for streaming. It signals a potential shift in Netflix’s approach to high-profile projects, recognizing the value of the cinematic experience and broader audience reach.

Record-Breaking Budget

Recent reports indicate that Narnia: The Magician’s Nephew is poised to become Netflix’s most expensive film to date, potentially surpassing the $320 million budget allocated to The Electric State.

Industry insider Matthew Belloni, on his podcast with Bloomberg’s Lucas Shaw, stated that the Narnia adaptation’s budget is exceeding expectations and could set a new record for the streamer.

Comparing to Other Netflix Films

For comparison, other high-budget Netflix films include Martin Scorsese’s The Irishman at $225 million, and Red Notice and The Gray Man, both costing around $200 million. This would also be Greta Gerwig’s most expensive film, exceeding Barbie’s $145 million budget.

Star-Studded Cast and Ambitious Scope

The increased investment likely reflects the ambitious scope of the adaptation, the need for extensive visual effects, and the cost of securing a prestigious cast. The film boasts a star-studded ensemble, including Emma Mackey, Carey Mulligan, Daniel Craig, Meryl Streep, Ciarán Hinds, Denise Gough, and Susan Wokoma.

Emma Mackey has discussed her role as the White Witch, adding to the excitement. The adaptation is based on C.S. Lewis’s 1955 novel, a foundational work in the fantasy genre.

Evolving Netflix Strategy

Prioritizing a theatrical release alongside streaming demonstrates Netflix’s evolving strategy, aiming to cater to a wider audience and maximize the impact of its high-profile productions. This approach could lead to similar releases for other ambitious projects, signaling a renewed emphasis on the theatrical experience.

The delay in the release date is now linked to this strategic shift and the increased scale of the production.