The concept of Fantastic Man came about when the film producers failed to bought the film rights of Lastikman from the Ravelos . Lastikman was one of the entries of 2002 Metro Manila Film Festival and was that year 's top grosser , thus they were forced to do a sequel due to its success . The reason why they failed to buy the rights is because the heirs of Lastikman creator Mars Ravelo demanded 1.8 million pesos ( around US$ 32,727 at that time ) for the sequel . In the film , which relaunched and brought the character back to limelight , the heirs only demanded 130,000 pesos ( US$ 2,363 ) , they even gave 500,000 pesos ( US$ 9,090 ) . The rights for the film went to Viva Films . Meanwhile , Michael V. and Chito Francisco came up with a new superhero story bringing birth to Fantastic Man
2002 Metro Manila Film Festival
2002 Metro Manila Film Festival
Fantastic Man