From The Hollywood Reporter: "After a lengthy negotiation, Columbia has acquired the screen rights to "The Shadow," the legendary 1930s pulp hero, for a big-screen adaptation to be produced by Raimi and Josh Donen through their Buckaroo Entertainment banner. Michael Uslan is also producing via his Comic Book Movies, Llc/Branded Entertainment. Columbia has set Siavash Farahani to write the screenplay.
"The Shadow" debuted in 1931 on a CBS radio show which aimed to boost the magazine circulation of sponsor Street & Smith. The character was actually the moniker for the announcer, and listeners began demanding stories based on the name.
Walter B. Gibson created the character, writing the adventures of a crime-fighter who skulked in shadows wearing a hat and cape, and who had the power to cloud men’s minds. The Shadow became one of the greatest pulp heroes of the time, and the radio series, which featured a young Orson Welles, spawned the catchphrase "Who knows what evil lurks in the hearts of men? The Shadow knows!"
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