While I finish my research and notes on 1950 Superhero TV, I was wondering if anyone knew that Sam Raimi (of Evil Dead and Spider-Man fame) wants to make a new Shadow film for Columbia Pictures. Siavash Farahani will write the screenplay.
Sam Raimi had tried (and failed LoL) to gain the rights in the late 1980s, which resulted in his 1990 feature film, Darkman.
It SEEMED that the new Shadow Movie had fallen by the wayside (once again) - but Raimi has been searching for a new project after it was announced that the Spider-Man movie franchise would be rebooted without him (which could be a BIG mistake if you ask me).
The Shadow is said to be at the top of his list, and according to the Internet Movie Database - production is now slated to begin in 2012.