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Netflix Taking Over 'Masters Of The Universe'

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According to Discussing Film, The 'Masters of the Universe' film that Sony was developing is now being developed and distributed by Netflix with a late 2021/early 2022 release.

Last October, The Hollywood Reporter stated that Sony was looking to release the film on Netflix due to the risk of the high-budget film being far too costly for the studio to release theatrically.  Sources say that the production budget for ‘Masters of the Universe’ is currently aimed to be around $130M,

It's currently unknown what involvement Sony has with this project but we should know in the coming months whether Sony has officially backed out of the project or still involved.

Mattel Films will be working alongside David Goyer’s Phantom Four Films as two of the production companies behind the film. Goyer wrote the first draft of the screenplay for Sony and was in talks to direct the film, but dropped out and became an executive producer on the project.  Goyer will produce the film alongside Jason Blumenthal, Todd Black, Julie Pistor, DeVon Franklin and Kevin Turen.

The Nee Brothers are still attached to write and direct the film with Noah Centineo in the lead role for the film.

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Hope this does well regardless of who or how it releases.  Would love to see them regret not putting it in theaters.  Hopefully success would make way for a Thundercats movie.  

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Then Mattel will go all out with MoTU and will be betting everything on the franchise, fait enough, but if Mattel does not know how to play its cards the blow to its finances will be huge.

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19 hours ago, Outsiders said:

Last October, The Hollywood Reporter stated that Sony was looking to release the film on Netflix due to the risk of the high-budget film being far too costly for the studio to release theatrically.  Sources say that the production budget for ‘Masters of the Universe’ is currently aimed to be around $130M,

Wait. Down here in the sticks, when a movie fails to make back its budget, they call that a "Bomb." A failure. So what they're trying so hard NOT to say is they're so sure this movie is going to "Bomb," they're palming it off on Netflix.

Not a good look Sony.

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2 hours ago, lordtom said:

Can they get rid of Goyer? Him being attached does not fill me with confidence

I think it's a bit late for that, in addition, what do you think would happen if they let him go and had to go back to find another director who is interested in the film?, surely the project would sink to the bottom.

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On 2/8/2020 at 5:36 AM, Neovorticism2 said:

I think it's a bit late for that, in addition, what do you think would happen if they let him go and had to go back to find another director who is interested in the film?, surely the project would sink to the bottom.

Nah, Netflix is consistent with sticking through to completion on things. 

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