Warners No Longer Mattel’s “Masters”

Warner Bros. and Mattel are going their separate ways on the live-action “Masters of the Universe” film adaptation reports Variety.

Mattel and the studio apparently didn’t see eye to eye over the direction of the project and made a mutual decision to let the option lapse this month.

Mattel will now take back the property and set it up elsewhere, though it’s expected that director John Stevenson (“Kung Fu Panda”) will remain on the project.