Sony Pictures has been developing a “Masters of the Universe” film reboot for well over a decade, and yet He-Man still has yet to grace the big screen again in live-action form.
Now, THR reports that Sony Pictures chairman Tom Rothman is engaged in preliminary talks with Netflix to potentially make the costly fantasy epic for the streaming service.
If it goes forward, it would make them the second studio after Paramount to start making movies belonging exclusively or nearly exclusively to the streaming giant. However, it would also offer a fairly risk-free safe deal for Sony whom otherwise would have to find a financier partner for what is an expensive project that’s not a guaranteed money maker.
Sources for the trade say Sony wants to bolster its bottom line, partly in the wake of the significant losses they took on the widely derided “Men in Black: International,” a stain on an otherwise strong Summer for Sony thanks to success with “Spider-Man: Far from Home” and “Once Upon a Time in Hollywood”.
The deal has upsides for Netflix too. Noah Centineo has already been cast in the lead role of the film as the new live-action version of He-Man, the young actor having already become something of a poster boy for Netflix thanks to his work on the streaming service to date.
Similarly, Netflix has had big success with its “She-Ra and the Princesses of Power” animated series and is already collaborating with Kevin Smith on an upcoming “He-Man” animated sequel series titled “Masters of the Universe: Revelation” which Smith would showrun.
“Iron Man” scribes Matt Holloway and Art Marcum rewrote the most recent draft of the film’s script with Aaron and Adam Nee set to direct the film which doesn’t yet have a start date but is still targeting a March 5th 2021 release.