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Published 18:00 29 Jan 2022 GMT
Updated 18:05 29 Jan 2022 GMT
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Credit: The Cannon Group, Inc./Getty[/caption]
In association with Mattel, who still own the rights to the IP's toys and entertainment ventures, production on the film is due to start this summer, although there is no rumoured released date at this early stage.
While the film will launch on Netflix, Sony will retain theatrical release and streaming rights to the film in China, as Netflix does not currently operate in the country.
The world's most popular streaming already brought the franchise back with an animated series, Masters of the Universe: Revelation in 2021, having already completed its second season (split into two parts) in November.
80's kids and anyone lucky enough to watch this show during their youth are no doubt over the moon that the live-action reboot is finally on its way.
Now, if you'll excuse us, we're off to go and point a toy sword in the sky and try and pretend our pets are Battlecat. If you know, you know.

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