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Jeff Wadlow rewriting Masters of the Universe

Jeff Wadlow (“Kick-Ass 2”) will rewrite the long-gestating “Masters of the Universe” movie, says The Wrap.

“Lone Ranger” co-writer Terry Rossio wrote the previous draft.

Jon M.Chu was set to direct the film, based on the popular ’80s cartoon series, but dropped out.

Schmoes Know say writer Wadlow, who is attached to another comic-book project “X-Force”, will now direct the movie, but The Wrap says he hasn’t got the gig yet – it’s between Wadlow and Mike Cahill.

Stephen Colbert replacing David Letterman!

Trailer : A Most Wanted Man