Don Payne wrote the most recent script draft, and Joel Silver, Akiva Goldsman and Andrew Rona will produce. The film is a co-production between Silver Pictures and Weed Road.
In the film, says the trade, Lobo will be a seven-foot tall, blue(gray)-skinned, indestructible and heavily muscled anti-hero who drives a pimped out motorcycle, and lands on Earth in search of four fugitives who are bent on wreaking havoc. Lobo teams with a small town teenaged girl to stop the creatures.
Production on Lobo begins early next year. The studio is aiming for a PG-13 rating.