Walt Disney Co CEO Robert Iger said yesterday that The Chronicles of Narnia: Prince Caspian is underperforming at the box office because of competition from Iron Man and Indiana Jones.

Since its May 16 release, the Narnia sequel has earned $99.6 million in North America, according to Box Office Mojo.

Its 2005 predecessor, The Chronicles of Narnia: The Lion, the Witch and the Wardrobe, had earned $122.7 million in the same period. It went on to make date $291.7 million.

Disney originally had Caspian set for last Christmas, but delayed it in deference to The Water Horse: Legend of the Deep, a fantasy vying for the same audience.

The studio might also have been taking into account the feelings of Walden Media, its production partner on Narnia and the production company behind Water Horse. That film, distributed by Sony, earned just $40 million domestically.

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