For the better part of the past decade, a new Masters of the Universe movie has been trying to get off the ground, with several studios taking a crack at this beloved franchise. Sony has been developing the franchise since 2009, picking up the rights from Warner Bros. We reported back in January that McG entered talks to direct, although we haven't had any updates since then. For those who have been waiting for He-Man and the rest of these iconic characters to hit the big screen, DreamWorks TV has some comic relief for you today, with the animated spoof reality series The Real Masters of Eternia.

This hilarious eight-minute spoof takes footage from the 1980s animated series He-Man and the Masters of the Universe, and with the help of some crafty editing and new voice actors, turns these characters battling for Eternia into roommates, who have all moved into Castle Greyskull. The show, which also spoofs MTV's The Real World, centers on eight characters, He-Man, Evil-Lyn, Mer-Man, Orko, Man-At-Arms, Teela, Beast-Man and Skeletor, trying to get along with one another, although it doesn't work out quite well. They must also compete in challenges, hosted by The Sorceress. The Challenge Round features He-Man and Skeletor competing in a Maze Race, with the show poking fun at He-Man's haircut and several other tropes from the original series.

Back in 2012, DreamWorks purchased the Classic Media library, which included the original He-Man and the Masters of the Universe show, along with other classic programs such as Voltron: Defender of the Universe, Casper the Friendly Ghost, Where's Waldo?, Lassie, The Lone Ranger, George of the Jungle and Rocky & Bullwinkle. The library also include iconic Christmas Classics such as Frosty the Snowman, Rudolph the Red-Nosed Reindeer and Santa Claus is Comin' to Town, the longest-running, highest-rated holiday specials in television history. Classic Media counts among its holdings contemporary bestsellers such as VeggieTales and the beloved Olivia property, as well as hits Postman Pat and Noddy in international markets.

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It isn't known if the DreamWorks TV YouTube channel is planning similar parodies based on this library, but DreamWorks Animation did team with Netflix for a reboot of Voltron: Defender of the Universe, dubbed Voltron: Legendary Defender. The series is set to debut June 10 on the streaming service. We'll have to wait and see if DreamWorks TV plans on mining these shows for other parodies.

The Real Masters of Eternia was created by Matt Levy and Alexander Hoffman, the latter of which also provided the voices for Skeletor, Orko, Mer Man, Beast Man. Matt Schneck provides the voices for He-Man and Man-At-Arms, while Catherine Masters voices Teela, Evil-Lyn and The Sorceress. Take a look at this humorous animated spoof below, and stay tuned for more from DreamWorks TV.