Matt Donnelly Senior Film Writer “Masters of the Universe,” a live-action movie based on He-Man and a slew of other popular Mattel toys, is officially dead at Netflix, according to multiple Variety sources.
Insiders said that close to $30 million has already been spent on development costs and the cash that’s been shelled out to hold on to talent – like previously announced lead Kyle Allen and the film’s heatseeking directing duo Adam and Aaron Nee (“The Lost City”).
Other knowledgable sources estimate all-in costs for development at twice that figure. The latest headaches for He-Man and friends only further complicates the property’s torturous journey to the screen, one that goes as far back as 2007.
It’s a long road that’s crossed through two other studios, Warner Bros. and Sony Pictures, and countless writers and directors like Jon M.
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