http://www.variety.com/article/VR1118060695

Sony Pictures and Escape Artists have decided to continue riding the hot hand of scribe Richard Wenk ("The Equalizer"), who has been tapped to rewrite He-Man pic "Masters of the Universe."

Jon M. Chu is set to direct the live-action film based on the popular Mattel toy line.

Story follows a young prince who becomes a warrior and sets out to defeat the evil Skeletor and fulfill his destiny as He-Man.

Escape Artists' partners Todd Black, Jason Blumenthal and Steve Tisch are producing.

Alex Litvak and Mike Finch wrote the initial draft of the script, which was originally titled "Grayskull."

Pic has been in development several years, and the property was previously adapted as a 1987 live-action film starring Dolph Lundgren and Frank Langella.

Sony and Escape Artists have been high on Wenk ever since his script for mid-budget thriller "The Equalizer" prompted Sony to close Denzel Washington's deal and set an April start date for a film that could launch Washington's first franchise if it is successful. Pic is loosely based on the TV series that starred Edward Woodward, and producers are expected to settle on a director in the coming weeks.

Wenk previously penned the action-thrillers "16 Blocks" and "The Mechanic," and he most recently co-wrote "The Expendables 2" with Sylvester Stallone. The Lionsgate sequel has grossed $289 million worldwide since opening in mid-August.

Wenk is repped by the Gersh Agency and the Arlook Group.