Citing an unnamed source, THR reports that Sony Pictures Tom Rothman is weighing the possibility of selling the film, based on Mattel's Masters of the Universe toyline, to Netflix for a flat, no risk payday rather than distributing the film to theaters where Sony worries it could fail to turn a sizable profit.
However, as THR points out, this strategy runs the opposite risk where the film could be a money-earner on Netflix, leaving Sony with only the flat purchase price in terms of profit.
Paramount Pictures has already struck a similar deal to distribute films such as The Cloverfield Paradox on Netflix, with more planned.
Meanwhile, He-Man spin-off property She-Ra and the Princesses of Power is entering its fourth season on Netflix, while a new direct Masters of the Universe revival series titled Revelation is also in development for Netflix.
The in development He-Man film stars Noah Centineo in the title role with a projected March 5, 2021 release date.