Fox 2000 has selected John Woo to direct and produce "He-Man," a live-action pic based on the characters in Mattel's "Masters of the Universe" line of action figures. Adam Rifkin ("Zoom's Academy") will adapt the screenplay according to Variety .

The characters of this universe are best known in the early 80's synidcated cartoon series which was successful enough to lead to a spin-off entitled "She-Ra" (I kinda preferred her show as well myself). The property previously was done in live action in the 1987 movie "Masters of the Universe" with Dolph Lundgren as He-Man and Frank Langella as Skeletor.

According to "Masters of the Universe" lore, He-Man began life as Prince Adam, the hybrid of an Earthling and an Eternian. At the age of 18, he was taken to Castle Grayskull, where Adam received super powers. He-Man has a sidekick in the form of a tiger, Battle Cat, and a deadly enemy, Skeletor.

Woo and Terence Chang will produce the film through their Lion Rock Prods. No word yet on dates or budgets, though most likely it'll come after Woo's finished work on The Rock actioneer "Spy Hunter".

Thanks to 'By the Power of Greyskull'.