NAB Plans to Cut 170 Jobs While Expanding Offshore Operations 
Valero Port Arthur Refinery Explosion Prompts $1M Lawsuit Over Worker Safety Negligence 
Sonova Shares Slip as Hearing Aid Giant Lowers Growth Outlook and Plans Sennheiser Exit 
Brown-Forman and Pernod Ricard in Merger Talks to Create World's Largest Spirits Giant 
SpaceX IPO Filing Expected This Week as Valuation Could Surpass $75 Billion 
SK Hynix Eyes Up to $14 Billion U.S. IPO to Fund AI Chip Expansion 
9 Tips for Avoiding Tax Season Cyber Scams 
Unilever and Magnum Face Defamation Lawsuit Over Ben & Jerry's Board Chair Dismissal 
Goldman Sachs Raises ECB Rate Hike Forecast Amid Persistent Energy-Driven Inflation 
SMIC Allegedly Supplies Chipmaking Tools to Iran's Military, U.S. Officials Warn 
Lynas Rare Earths Signs Vietnam Deal with LS Eco Energy to Boost Magnet Metal Production 
CK Hutchison's Panama Ports Dispute Escalates as Arbitration Claims Surpass $2 Billion 
Delivery Hero Sells Taiwan Foodpanda to Grab for $600 Million in Debt-Reduction Push 
Global Flight Cancellations 2026: Middle East Air Travel Chaos Explained 
AWS Bahrain Region Disrupted by Drone Activity Amid Middle East Conflict 
Meta Ties Executive Pay to Aggressive Stock Price Targets in Major Retention Push 
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.
