Phantom: According to The Hollywood Reporter, Crusader Entertainment and Hyde Park have tapped Olympic gold medalist-turned-feature film scribe Mel Stewart to pen a project based on the well-known comic The Phantom. The comic has been adapted for the screen before.

Billy Zane, Catherine Zeta-Jones, Kristy Swanson and Treat Williams teamed to star in the Simon Wincer-directed 1996 feature "The Phantom," which grossed $17 million at the boxoffice. The superhero, clad in a purple suit, has no supernatural powers but appears immortal and fights evil in Africa.

It is understood that the updated version will be modernized. "While I like the comic book franchises of the 1990s, I always wanted to be able to identify with my hero more," Stewart said. "Take all of the technology of 2004, where science fiction is no longer that -- it's science fact. If you had all that technology at your fingerprints, you would be a superhero." That is "The Phantom," Stewart adds.