Netflix, Mattel staff on ‘Masters of the Universe’ live-action movie (NASDAQ:NFLX)

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Netflix (NFLX -3.3%) and Mattel Movies (MAT +3.5%) are teaming up on a live-action movie based mostly on the Eighties toy franchise Masters of the Universe.

That marks a transition for a venture that was previously within the works at Sony (SONY +1.8%).

It is a match at Netflix, although, contemplating the streamer already has two animated collection that it launched final summer time based mostly on the franchise: Masters of the Universe: Revelation and He-Man and the Masters of the Universe.

Actor Kyle Allen, sizzling off the latest West Aspect Story, will star within the lead position of Prince Adam/He-Man in a movie co-directed by the Nee Brothers.

Masters of the Universe motion figures made their debut in 1982, the 12 months earlier than an preliminary animated collection premiered as one in all tv’s first kids’s syndicated exhibits.

“Masters of the Universe is an iconic property that formed the imaginations of a whole technology of children within the eighties with the message of changing into one of the best model of your self. With our companions at Netflix, we stay up for displaying audiences that something can occur in Eternia,” says Mattel Movies’ Robbie Brenner.

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