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.