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Glut claimed his work was not work for hire, but had instead been licensed to Mattel. Mattel argued that the comics were created on a work for hire basis, and that Glut had a duty to raise the ownership issue long ago.
The judge agreed with Mattel in an oral ruling last week, according to the report, with a written ruling to follow.
In addition to its normal exploitation of the property in toys, home video, and comics, there is a feature film in development (see "'Masters of the Universe' Movie"), which may be why Mattel has sought a court ruling on its rights.