I didn't think the scriptwriting contest Script Pimp had much credibility... but according to today's Hollywood Reporter (for some reason I can't find the article online, it's just in the hard copy), Warner Brothers and Silver Pictures have hired writer Evan Daugherty to rewrite GRAYSKULL, based on the Masters of the Universe cartoon and toy line.
Daugherty entered Script Pimp, and as a result, signed with manager Jake Wagner of Energy Entertainment. Then his script made the Black List. And now he's got a big rewrite gig.
UPDATE from my friend Charles: The announcement is online now. Thanks dude!