With Sony having been at work on a new He-Man movie for what feels like an age by this point – seriously, it’s over a decade! – now comes an interesting update on the long-gestating picture.

Most recently, a March 2021 release date has been set for Masters of the Universe, with Band of Robbers’ Aaron and Adam Nee on directing duties. The prolific David S. Goyer is on writing and executive producing duties, and To All the Boys I’ve Loved Before’s Noah Centineo is seemingly in place to play He-Man.

Courtesy of The Hollywood Reporter, though, it’s believed that Sony is now weighing up the prospect of selling this new Masters of the Universe to Netflix. Talks are ongoing between the two parties, and the main reason for all of this seems to be that Sony’s Tom Rothman was stung hard by the disappointing box office return of this year’s Men in Black: International.

After that latest MiB offering did a so-so $250 million globally, Rothman – who serve as the chairman of Sony – is cautious about the possibility of further financial flops. By assembling a deal that would see Netflix taking over distribution rights, that obviously takes away a lot of the risk that Sony would otherwise be having to deal with.

From a Netflix perspective, having this new Masters of the Universe movie housed on the on-demand streaming service makes a whole lot of sense. After all, Netflix is already home to She-Ra and the Princesses of Power and is at early work on the Kevin Smith-developed He-Man and the Masters of the Universe cartoon that will look to tie up any loose ends from the original ‘80s cartoon.

This new live-action Masters of the Universe film will follow the story of Adam, Prince of Eternia, who has the ability to transform into the ever-smiling uber-hero He-Man as he battles to protect his world from the nefarious threat of Skeletor. Of course, these bitter rivals have most recently been seen shilling financial products for MoneySupermarket.com…

As ever, expect more on all of this as we get it.