Due to The Avengers scaring all other movies back to 2013, Jon M. Chu — director of G.I. Joe: Retaliation — is freed up to make the much-fabled Masters Of The Universe movie (as soon as he's done converting Retaliation into 3D, that is).
Deadline reports that Sony and toymaker Mattel are hot for a He-Man movie, and Chu is in the middle of talks to seal the deal. Yes, this will be live action. The current script was penned by Alex Litvak (The Three Musketeers) and Mike Finch (Exclusively Yours). The script was originally titled Grayskull, but we're assuming the whole thing would be re-written anyways. Someone find a role for actor/Fulbright Scholar Dolph "Showdown in Little Tokyo" Lundgren, and we'll be pleased as punch.