Meanwhile, at Castle Grayskull, Netflix kills He-Man movie
After spending $30 million on development, Netflix is taking the first ship off Eternia

Netflix is putting down its entertaining Mattel product. Per Variety, after spending $30 million developing a new He-Man And The Masters Of The Universe movie, the streamer has driven a sword through the project. He-Man is dead at Netflix, and on this, the week of Mattel’s daughter’s coronation.
The problem came down to money—and Netflix doesn’t have much of that anymore, what with those pesky actors and writers demanding paychecks. Directors Adam and Aaron Nee, hired on the back of the Sandra Bullock action rom-com, The Lost City, wanted to make a $200 million He-Man, which admittedly is pretty freakin’ expensive for a movie about a buff guy who fights a skeleton man that will never make a dime in a theater. It seemed like things were moving in the right direction, though, considering they cast Kyle Allen as He-Man.
However, the streamer was reportedly hesitant about pouring so much money into a He-Man movie without a big muscley star rocking the bowl cut. So Netflix offered $150 million, begging the question, how much does that sword have to cost? The Nees returned with a $180 million budget, including the already sunk cost, to no avail. Mattel is currently shopping the project elsewhere, hoping the projected success of Barbie drives some interest toward movies based on toys. And apparently, the script for He-Man is toyetic as hell.