Regarding a "rebooted" Masters of the Universe movie, Sony Pictures VP says they "Should have that script very soon."
This is one of those things that you might have to take with a grain of salt because it's an exec talking about a project without a script that, for a property a company's been holding onto for two years. The project in question is Masters of the Universe and the exec is Sony Pictures' Vice President of Production DeVon Franklin who was talking to Christian lifestyle site Crosswalk.com about his new book. And in between dropping a couple of other development nuggets (a remake of Annie starring Willow Smith is imminent as well as a remake of the seminal 70's music film Sparkle), Franklin produced this money quote:
One of other things I’m really excited about is we’re doing a reboot of the 1980s franchise Masters of the Universe. The He-Man franchise. Very excited about that. Should have that script very soon. I’m praying that we can start figuring out how we’re going to make it.
I think we're a little while off from seeing a MoTU movie on the big screen given that there's, you know, no script yet, and whatever shape it takes it's going to be very expensive, requiring at least a couple of years to get off the ground. Right now there's no announced talent attached, but if Wikipedia is to be believed, producers Todd Black, Jason Blumenthal and Steve Tisch are on the case to make a MoTU movie a thing.
Note, on IMDB there's a listing for Grayskull , but that could simply be a placeholder from the stalled WB version of the movie that Joel Silver's production company couldn't get past rights holder Mattel.