Anyone who worried that He-Man and the Masters of the Universe was dead in the water no longer need worry. The film has acquired itself a director, according to a source at Latino Review, and that director is none other than John Stevenson, the director of Kung Fu Panda.

By all accounts, Stevenson went to producer Joel Silver and gave an amazing presentation about how he would handle the material, and Silver offered him the job. This comes less than a month after the project was declared "dead" and it was stated that no one at the studio had a handle on how to approach the idea.

RELATED: Kevin Smith Faces Fans' Wrath as Masters of the Universe: Revelation Audience Score Bombs

The script, written by Justin Marks, attempts to take the 1980s cartoon and recreate it with a sense of wonder and excitement, but taking a harder, more realistic tone at the same time. Details of the plot remain unknown, but expect He-Man and the Masters of the Universe to involve He-Man and his allies taking on Skeletor and his minions as the skull-faced villain tries to steal the power hidden within Castle Greyskull.