So, according to Variety, Warner Bros. and Mattel are parting ways on their Master of the Universe deal.  They’ve been trying to hammer out the details of a script for years now, and it looks like it’s just not going to happen.  Not at the WB, anyway. 

From the way it sounds, the director, John Stevenson (Kung Fu Panda…really?) will stay with the project.  You know what they should do?  Revive Cannon Pictures and give them the rights!