I've been critical of Disney (NYSE: DIS) when it comes to some of the Mouse's moves in terms of content development. But, when I see something I approve of, I have no problem highlighting my feelings about it. Today is just such a day.

According to The Hollywood Reporter, Disney does not want to help Walden Media make the next picture in the Chronicles of Narnia franchise. The studio teamed up with the production company on The Chronicles of Narnia: the Lion, the Witch, and the Wardrobe, as well as the second feature, Prince Caspian. Although I'm certain that there will be Caspian DVDs under a lot of Christmas trees this holiday, I, along with everyone else, noticed back in the summer that the film delivered disappointing results at theaters. And then, Disney CEO Bob Iger tried to make excuses about the bad performance (CEOs are always trying to make excuses about one thing or another, it seems). Now, though, Iger is done synthesizing reasons for the failure of Caspian. Instead, he's passing on The Voyage of the Dawn Treader, and I congratulate him on his decision.

I'm sure there are a few out there who are sick of my complaining over the failure of Disney's (NYSE: DIS) Prince Caspian film. But, I just had to write about recent comments made by CEO Bob Iger on the subject at a conference.

Okay, in Iger's mind, the reason Caspian failed is because it is a pretty competitive multiplex out there. He feels there are "too many movies being released." He also thinks the marketplace is "very delicate, very fragile." The Mouse CEO also highlighted the fact that Disney has cut back on movie production in recent years and is therefore hopefully making better decisions about the cinematic concepts it backs.

These comments sound like excuses, Bob. Sure, it's competitive out there. Marvel's (NYSE: MVL) Iron Man and Viacom's (NYSE: VIA) Indiana Jones and the Kingdom of the Crystal Skull are certainly overshadowing the brand equity of Caspian. But, is that the real reason the movie performed as poorly as it did? An interesting little note in the article is that Disney originally was going to use the same releasing strategy for Caspian as it did for the first Narnia epic. The studio intended on opening the sequel during the most recent Christmas season. But, here's why it didn't: producing partner Walden Media was opening its own movie at that time, one that was being distributed by Sony (NYSE: SNE).