<Tr> <Th> Budget </Th> <Td> $22 million </Td> </Tr> <Tr> <Th> Box office </Th> <Td> $17.3 million </Td> </Tr> <P> Masters of the Universe is a 1987 American science fantasy action film directed by Gary Goddard, produced by Yoram Globus and by Menahem Golan and written by David Odell . The film stars Dolph Lundgren, Frank Langella, Jon Cypher, Chelsea Field, Billy Barty, Courteney Cox and Robert Duncan McNeill . It is based on the Mattel toyline of the same name and brings the story of two teenagers who meet the mighty warrior He - Man, who arrived on Earth from planet Eternia and now goes on a mission to save the universe from the villianous Skeletor, his arch - nemesis . </P> <P> Masters of the Universe was released theatrically in the United States on August 7, 1987 . It was a critical and commercial failure, grossing $17 million worldwide against a budget of $22 million, but is now regarded as a cult film . </P>

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