The G.I. Joe: Retaliation helmer explained that he was attracted to the project by the strength of its screenplay, describing it as a "fresh" and "unexpected" take on the property.
"I was approached about doing a Masters of the Universe movie and while at first I was sceptical," Chu told Celebuzz, "I read the script and I was blown away. I had no idea what to expect but it was such a fresh, unexpected approach I was immediately intrigued.
"I never expected to connect on a human level to a MOTU movie but I really plugged in emotionally. That alone got me excited to see what we could do with the property."
Chu went on to say that the project is slowly moving forward with him and his team discussing tone and style. He also confessed to being a big fan of the original Mattel toy line.
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He added: "I loved the toys growing up. I had Grayskull, I had BattleCat/Cringer, I had Stratos and Orko and obviously He-Man and Skeletor. I also watched the cartoon a lot growing up.
"This is my era, so going to Mattel to visit their headquarters was like walking into a childhood fantasy. For every MOTU fan out there, it felt like it was time and I wanted to make sure to protect it in the process."
G.I. Joe: Retaliation is to be released in March next year after being delayed from this summer. Watch a trailer below: