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Warner Bros. Entertainment Inc. (commonly known as Warner Bros. and abbreviated as WB), is an American diversified multinational mass media and entertainment conglomerate headquartered at the Warner Bros. Studios complex in Burbank, California, and a division of AT&T's WarnerMedia. Founded in 1923 by brothers Harry, Albert, Sam, and Jack Warner, the company established itself as a leader in the American film industry before diversifying into animation, television, and video games, and is one of the "Big Five" major American film studios, as well as a member of the Motion Picture Association (MPA).
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‘Masters of the Universe’ Movie Eyes New Home at Amazon After Netflix Exit (EXCLUSIVE)

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variety.com

Matt Donnelly Senior Film Writer In “Masters of the Universe,” He-Man’s nemesis is the evil wizard Skeletor. In Hollywood, his greatest threat has been a list of studio partners that have sidelined him from the big screen for nearly two decades.

The blond barbarian, based on a popular set of Mattel toys, may finally win the day. Amazon MGM Studios is in serious talks to mount a live-action “Masters of the Universe” movie from Adam and Aaron Nee, the writing and directing team behind “The Lost City,” according to multiple insiders.

Conversations are taking place with Amazon after Netflix dropped a planned version of the Nee brothers film in July. Netflix spent nearly $30 million in development costs over two years for the project, which was meant to star Kyle Allen (“A Haunting in Venice”).

The streamer walked away when the tentpole’s budget, originally set for more than $200 million, could not be meaningfully reduced.

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