EXCLUSIVE: McG is in talks that could lead to him helming Masters Of The Universe, a live-action film based on the signature Mattel toy line that is in high gear at Sony Pictures and Escape Artists and Franklin Entertainment. The film revolves around He-Man, a prince who transforms into a warrior and becomes the last hope for a magical world that has been ravaged by the sinister Skeletor. Hollywood has been trying to figure out the movie for years, and it could have Transformers potential even if the most identifiable version was the 1987 Cannon film that wasn’t a success and which starred Dolph Lungdren as He-Man and Frank Langella as Skeletor. It has been more successful as an animated property.

Escape Artists’ Todd Black, Jason Blumenthal and Steve Tisch are producing, with DeVon Franklin. The script is from the writing team of Alex Litvak and Mike Finch, with the latest draft by Chris Yost. McG will oversee a rewrite, first. McG previously launched Charlie’s Angels for Sony. McG, who has been directing the New Line horror thriller The Babysitter, is repped by WME and Management 360.