The two planned sequels to hit movie The Golden Compass have become Hollywood's first major victims of the current economic crisis - production on the movies has been put on hold indefinitely.
Two further films based on Pullman's novels - The Subtle Knife and The Amber Spyglass - were due to be made following the box office success of The Golden Compass - but plans have stalled as a result of the present downturn in the international economy.
The Golden Compass had a budget of $180 million (GBP104 million) - making it one of New Line studio's most expensive projects to date.
It has grossed more than $370 million (GBP213.8 million) worldwide since its December 2007 release.
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