"Masters of the Universe" is based on the popular Hasbro 1980s toy line of the same name.
The previous big screen adaptation of "Masters of the Universe" starred Dolph Lundgren as He-man and Frank Langella as the dark lord Skeletor. The film was both a critical and commercial failure but has garnered a cult following due to its over the top performances and low-budget special effects.
The reboot has been in development since 2009, with many different writers reworking the script.
There is no director attached to the reboot. "GI Joe: Retaliation" Helmer, Jon M. Chu, was previously attached to the film but recently dropped out of the project. Wadlow, who wrote and directed 'Kick-Ass 2,' has only been hired to rewrite the script, but it is still possible he will be given the director's chair.
Wadlow is currently working on "X-Force" for Fox. A release date for "Masters of the Universe" has not been announced.
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