We told you just a couple of weeks ago that Warner Bros had parted ways with Mattel and halted production on an updated Masters of the Universe movie.

Now we’ve gotten word that He-Man may have found a new home.

The Mattel toy property is in negotiations to be preemptively picked up by Columbia with Escape Artists attached to produce.

After months of deal-wrangling, Warners picked up “Universe” in 2007, hiring several writers and earlier this year set John Stevenson to direct. The two companies eventually began seeing two opposing visions for the movie and when the option came up, both sides decided to let it lapse.

Sony and Escape Artists’ Todd Black, Jason Blumenthal and Steve Tisch will now start developing the project from scratch. Stevenson is no longer attached.

The 1980s show, named “He-Man and the Masters of the Universe,” followed a blond warrior named Prince Adam who, when uttering the magic words, “By the power of Grayskull — I have the power,” turned into the heroic He-Man. He and his allies — Battle Cat, Man-at-Arms and Orko — defended their planet Eternia from the evil forces of Skeletor, who tried week after week to conquer the fortress Castle Grayskull, which imbued He-Man with his powers.

[Source] THR