He had originally been signed to do both projects, but according to the site, "in the weeks after signing on to play 'Steel,' Lautner became increasingly convinced that Hasbro was playing its hand better than Mattel. Thanks to WME, Hasbro was moving with far greater speed through Hollywood's development maze than Mattel, not only setting up projects, but quickly moving them forward."
Vulture adds that Universal began conversations earlier this month with Rob Letterman (Monsters vs. Aliens, upcoming Gulliver's Travels) about directing Stretch Armstrong for a 2012 release.
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