“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.
Chu and McG.
The latest implosion at Netflix, according to five individuals with knowledge of the project,…
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