The folks over at Variety is reporting that:

Fox-based New Regency has put robot project “Voltron: Defender of the Universe” into turnaround.

Ryan Kavanaugh’s financing and production venture Relativity Media is in negotiations to back the property, though on a more moderate budget, utilizing the type of cost-effective technology employed in films including “300.”

The Mark Gordon Co. still is attached to produce “Voltron,” which is based on the popular Japanese animated TV series of the 1980s.

Mark Gordon and Jordan Wynn are producers. Bryan Zuriff is exec producing. Producers expect to attach a director within the next week.

You can read the rest of the article Here.

Hopefully this will be at least as good as Transformers, We can only hope…