A new report says that a long-delayed adaptation of Mattel’s popular fantasy toy line is no longer coming to the streamer.
It looks like all that Barbie hype hasn’t helped bring momentum to another toy-adjacent Mattel property. Variety is reporting that the live-action Masters of the Universe movie that has been in development for some time, most recently at Netflix—Kyle Allen was cast as He-Man over a year ago—is apparently no longer.
The trade cites multiple anonymous sources that agree budget woes are the reason—big budget woes, apparently: “Insiders said that close to $30 million has already been spent on development costs and the cash that’s been shelled out to hold on to talent,” including prospective star Allen and directors Adam and Aaron Nee (The Lost City).
