The Masters of the Universe franchise has been around since 1982, and five years after it launched, the theatrical, Dolph Lundgren-led Masters of the Universe movie was released. Since 2007, there have been numerous efforts to get another live-action film adaptation of the He-Man-centric mythology made, and in recent years, it seemed like this reboot had finally caught a break once it’d moved to Netflix. However, word’s come in that the project had hit a major setback at the streaming service: it’s no longer happening there.
Per Variety, Masters of the Universe is officially dead at Netflix. According to sources who spoke with the publication, the streamer had shelled out close to $30 million on development costs and to keep talent attached to it, like actor Kyle Allen, who’d been tapped to play He-Man, and directors Adam and Aaron Nee. Other sources claim that twice that figure had been poured into development. Ultimately there Netflix brass decided to scrap Masters of the Universe over “budget concerns.”
