In a story from Variety it seems that Atlas Entertainment's Charles Roven, Richard Suckle and Steve Alexander have picked up the rights to make a live-action version of Voltron.

Roven and Co. obtained the rights from World Events Productions; they had held them for over two decades.

Voltron was a big TV hit in the 1980s that still has a strong fanbase. It follows five robot-lions who come together to form one super lion. They are controlled by five pilots and their job is to protect the planet Arus from villain King Zarkon. He uses creatures called Robobeats to attack the Voltron robots.

Voltron only aired on U.S. TV in 1984 and 1985

"It's undeniably impressive that Voltron has sustained itself globally for a quarter of a century," Roven stated.

World Events got involved with Voltron when it obtained the rights to distribute the 80's program on U.S. TV. The animated series got a "re-boot" in the 1990's. Also, new editions of the comic were put out by the label Devil's Due.

Originally, Mark Gordon (producer of Saving Private Ryan) was putting together Voltron with producers James Young, Mark Costa and Ford Oelman. Justin Marks was writing the script which focused on an alien invasion. At that point New Regency was set to make the film.

New Regency then put Voltron in turnaround and Relativity Media came on board to fund the film. However, the option with World Events was set to lapse, so Atlas seized the opportunity to acquire the rights.

Voltron isn't presently at any studio.