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By the Power of Grayskull ... He-Man is on his way!

Heat Vision brings news that Michael Finch and Alex Litvak have signed on to write 'Masters of the Universe' for Columbia Pictures. The project was originally set up at Warner Bros. but was scrapped when the studio and toy company Mattel couldn't agree on a mutual creative vision. By the Power of Grayskull ... He-Man is on his way!

Heat Vision brings news that Michael Finch and Alex Litvak have signed on to write 'Masters of the Universe' for Columbia Pictures. The project was originally set up at Warner Bros. but was scrapped when the studio and toy company Mattel couldn't agree on a mutual creative vision.

'Masters of the Universe' is based on a popular '80s toy line and animated series, 'He-Man and the Masters of the Universe.' The story centers around a blonde prince with the ability to transform himself into a powerful warrior and defend his kingdom of Eternia from the evil Skeletor. The property was previously adapted into a live-action film in 1987 starring Dolph Lundgren and Frank Langella as He-Man and Skeletor, respectively.

Michael Finch and Alex Litvak wrote the Robert Rodriguez-produced 'Predators,' due in theaters July 9. They also made quite an impression on the spec market last year with their 'Medieval' script, a kind of 'Dirty Dozen' set in the age of castles, which sold to New Regency.

No director or cast has been announced for 'Masters of the Universe.'