In his original incarnation, the character was a vigilante with multiple secret identities and the ability (which he learned in the Far East) to cloud the minds of men into believing he was invisible. Some might remember Russell Mulcahy's 1993 The Shadow, which starred Alec Baldwin as the big-nosed, wide-brimmed, two-gunned crimefighter, saving New York City from an atomic bomb. Sam Raimi is onboard as the new film's producer, as the character has long been a passion project for Raimi.
Hollywood hasn't had the best of luck in turning period heroes like Flash Gordon, The Spirit, or The Phantom into big hit movies, but it hasn't stopped them from trying every few years. We'll find out soon if Slade and Raimi are able to turn that box office stigma around.
(source: Latino Review)