According to MovieWeb, Galitzine was recently interviewed by The Hollywood Reporter, where he talked about the tone that the new film will be going for. He explained,

Additionally, MovieWeb reports on one rumored plot that insider Daniel Richtman has revealed. Could the new Masters of the Universe also be taking a small cue from the 1987 Dolph Lundgren movie? The rumored plot reads,

The project was previously set up at Netflix, but the streaming service scrapped the project last summer. Aaron and Adam Nee were tapped to write and direct the project before it fell apart, reportedly due to budget issues. Netflix had already spent close to $30 million on development costs, with the budget ballooning to over $200 million. There was an attempt to bring the budget down, with the idea of shooting the movie back-to-back with a sequel in order to amortize the cost, but an agreement couldn't be reached. The project later found a new home at Amazon MGM Studios. Masters of the Universe will be released in theaters on June 5, 2026.