Albertsons Seeks $9.3 Billion From Kroger Over Failed Merger 
Morgan Stanley Predicts $10 Trillion RWA Market by 2030 
Bumble Shares Surge 50% on $1 Billion Buyout Talks 
Nvidia’s China AI Chip Market Share Falls to 34% as Huawei Gains Ground 
Moonshot AI Executives Seek Settlement Ahead of Hong Kong IPO 
Samsung, SK Hynix Shares Fall as China's CXMT Advances DRAM Technology 
South Korea Blocks 27 Crypto Exchange Websites in Regulatory Crackdown 
Visa Wins China Approval to Prepare Domestic Payments Expansion 
Binance to Shut Down Crypto Mining Pool Services on November 10 
Coinbase CEO Backs SEC Accredited Investor Reform 
FAA Warns US Airlines Over Saudi Arabia Flight Risks 
TSMC Profit Set to Surge 65% as AI Chip Demand Drives Record Earnings 
Arthur Hayes Announces FLOP Testnet Launch Within Weeks 
Meta Launches Muse Wonder AI Models, Shares Rise 3.7% 
Nasdaq Faces Pullback to 26,225 Despite Bullish Outlook, UBS Says 
PepsiCo Slashes Poppi Earnout Valuation as Growth Slows 
Russia Approves Sberbank for Crypto Exchange Services 
Add as a preferred source on Google
Netflix and Mattel Inc. have come together to develop the "Masters of the Universe," a sword and sorcery-themed media franchise made by the latter in the 1980s. The partnership will turn the iconic action figures into a live-action film, and the production is set to begin in summer this year.
According to Reuters, the live-action production of "Masters of the Universe" was formerly being developed at Sony, and now it was passed on to Netflix. This will be directed by the Nee Brothers - Adam and Aaron, and Kyle Allen have been tapped to star as He-Man or Prince Adam.
The film will tell the story of Adam, an orphan who found out that he is actually a prince meant to be the savior of a faraway land. He must learn how to obtain and use his power to fight the evil force and save the place he originally came from.
Mattel launched the "Masters of the Universe" action figure toys in 1982, and a year after, in 1983, the animated series based on the characters premiered. It was titled "He-Man and the Masters of the Universe" and had been hit. At any rate, while the production of the live-action film has been handed down to Netflix, Deadline reported that Sony will still keep its rights to the movie in China.
"Masters of the Universe is an iconic property that shaped the imaginations of an entire generation of kids in the eighties with the message of becoming the best version of yourself." Mattel Films' executive producer, Robbie Brenner, said in a press release. "With our partners at Netflix, we look forward to showing audiences that anything can happen in Eternia. We are continuing to unlock this global franchise in new ways, and we can't wait to see Kyle battle it out with Skeletor in this epic live-action saga."
The Nee Brothers will use the screenplay they co-wrote with David Callaham. Todd Black, Jason Blumenthal, Steve Tisch, and DeVon Franklin will produce "Masters of the Universe," which will be released via the largest streaming site, Netflix. Finally, Brenner and Mattel's VP of film production, Kevin McKeon, were tasked to lead the project.
