Sony Might Sell Masters of the Universe Reboot to Netflix

Lawrence Kim
October 10, 2019

Right now these talks are "preliminary", but if a deal were to be reached, Sony would become the second studio to make movies that belong exclusively, or nearly exclusively, to Netflix, following behind Paramount Pictures.

Part of the reason why Sony fears A Masters of the Universe reboot will not perform strongly at the box office comes from the fact that Men in Black: International, which the studio released this summer, ended up losing a significant amount of money. While Sony still has a stake in Spider-Man, its non-Spidey franchises haven't done so well.

Masters of the Universe is scheduled for a March 2021 release.

According to The Hollywood Reporter, the studio is in early talks, and may follow Paramount in making certain movies projects directly for the streaming platform.

Sony is said to be planning to offload its long-in-gestation Masters of the Universe movie to Netflix. After all, the streaming service is already home to the current She-Ra and the Princesses of Power series, along with Kevin Smith's upcoming He-Man anime that is expected to come out in the near future. And indie studio A24 inked a multi-year agreement in 2018 to produce a slate of films for Apple. This is stated by THR, where a source of the study has told them that two companies would be in initial negotiations. "We can't beat 'em'". It should be noted that this movement is already being done by Paramount, who are going to start making films with total - or nearly full - exclusivity for Netflix. From a business standpoint, this all makes sense.

The Masters of the Universe reboot has changed creative hands several times since 2007.

Similarly, Warner Bros. chose to forgo a theatrical release for Mowgli: Legend of the Jungle and instead sold the film to Netflix, which made sense, seeing as recent fantasy adventure films released by the Warner Bros., such as Pan and King Arthur: Legend of the Sword, had both bombed. At one point, McG was announced as a director for the film. That didn't pan out either, and the Nee Brothers are now attached to direct, with Art Marcum and Matt Holloway writing the script, and Noah Centineo playing He-Man.

Other reports by Click Lancashire

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