December 01, 2006 01:59:54 GMT
Fox 2000 Pictures has taken decision to give up its rights on "He-Man and the Masters of the Universe."
Taking the same decision as Universal Pictures and 20th Century Fox have upon "Halo", Fox 2000 Pictures has sadly passed on its rights on "He-Man and the Masters of the Universe", executive producer Rodney Ferrell told Moviehole.
"This was a project set up at Fox," he said, "but in the recent months we gave the project back to Mattel and are no longer involved."
Originally an American animated television series produced by Filmation based on Mattel's toy line "Masters of the Universe", the live-action feature has been under development in the studio since October 2004 with John Woo to direct and produce. However, the Chinese filmmaker later concluded to quit in early July 2006 to put more focus on making films back in his native Asia.