Seemingly collapsing a few years ago with the departure of attached star Taylor Lautner, the proposed film based on the popular Mattel toy "Max Steel" is being revived.
The storyline focuses on a teen named Max imbued with an energy power called TURBO (Tachyon Unlimited Radiant Bio-Optimized). He is partnered with Steel, a technological alien who protects him.
Previously setup at Paramount, the rights expired and reverted back to Mattel who have now decided to be more active in development of the property.
Dolphin Entertainment is teaming with Mattel to develop the live-action film which Christopher Yost ("Thor: The Dark World") will script, and Stewart Hendler ("Sorority Row," "Halo 4: Forward Unto Dawn") is attached to direct.
Source: Heat Vision