Pajiba is reporting an interesting rumor that Quentin Tarantino is now attached to direct and co-write a new version of The Shadow at 20th Century Fox. The site says:
The Shadow is likely one that may be passed around to a few directors before it ever gets made — as of the moment, it's not even a huge priority over at Fox. In fact, it's currently out for a rewrite... However, the person that is now attached to the project is none other than Quentin Tarantino, who is also attached as co-writer... Maybe he loved [the] original radio show and the pulps (which do seem up Tarantino's alley), and maybe he saw Siavash Farahani's script and decided that, if anyone could erase the memory of Alec Baldwin's atrocity, it'd be him. Maybe Tarantino just loves the challenge. Or maybe he’s just added this to the huge pile of future possibilities and has no intention of ever directing. All I know is that, for the moment, he is being discussed (and this is a two-way discussion) and or already attached as the future director of The Shadow.
Universal Pictures brought the character to the big screen in 1994 in the Russell Mulcahy-directed The Shadow.