Bruce Sherlock was one of the executive producers of the 1996 Phantom movie by Paramount Pictures. He has joined forces with Howard Symington to produce the new Phantom Legacy feature and the development of new projects.  

 This material extracted from http://en.wikipedia.org/wiki/The_Phantom

The Phantom was also made into a live-action movie in 1996. The movie was set in the 1930s, and incorporated elements from several of the Phantom's earliest comic-strip adventures. It starred Billy Zane in the title role, Kristy Swanson as Diana Palmer, and Catherine Zeta-Jones as Sala, an aviatrix. It was directed by Simon Wincer, after director Joe Dante and producer Michael Douglas dropped out of the project, ^[31] and was written by Jeffrey Boam, who also wrote Indiana Jones and the Last Crusade. Cult-icon Bruce Campbell was another choice for the role ^[32], but Zane, already a huge fan of the comic strip since being introduced to Australian Frew comics on the set of Dead Calm, ended up getting the part after actively lobbying for it for years. After his casting, he feverishly pumped iron for a year and a half to fill the Phantom's costume, refusing to wear a Batman-like costume with moulded muscles. He also closely studied panels of the comic to capture the character's body language. Though the film did not become a success in its theatrical release, it was the reason why Zane was cast as Caledon Hockley in Titanic, the world's most commercially successful film ^[33], and has sold well on VHS and DVD.^[34]

The movie was filmed on location in Australia, Thailand, and in Los Angeles, and featured the Phantom in his attempt to stop madman Xander Drax (Treat Williams) from obtaining a weapon of doom, the legendary "Skulls of Touganda". The story also features the Sengh Brotherhood, a fraternity of pirates who are held to be the killers of the first Phantom's father; the all-female clan of air pirates known as the Sky Band, of whom Sala is leader; and a subplot wherein the 21st Phantom recovers his father's gunbelt and avenges his father's murder, inspired by the Lee Falk/Wilson McCoy story "The Belt". The film also has elements taken from the 1936 story "The Singh Brotherhood", the first Phantom story, and its 1937 continuation "The Sky Band".^[35]

In 2008, syndicated gossip columnist Liz Smith claimed that Paramount was putting a sequel into development, with Zane returning to play the title role, due to the good VHS and DVD sales of the first film.^[36]

This material extracted from http://en.wikipedia.org/wiki/The_Phantom

The Phantom: Legacy

On December 15, 2008, it was announced that Sherlock Symington Productions had secured the rights to the Phantom, and are set to make a film called The Phantom: Legacy (unrelated to the Moonstone Books 2006 graphic novel of the same name and any other screen incarnation of the character). The film is set to have a budget of $130 million, and is written by Tim Boyle, who is also considered to direct.

Bruce Sherlock, executive producer and head of Sherlock Symington Productions, said that The Phantom: Legacy would follow the lead of films like The Dark Knight and Iron Man, and present a serious treatment of the character. The film will be set in the present day, and revolves around the relationship between the Phantom and his son, and what it means to be the Phantom. Work on the film is expected to begin in 2009. The movie will be filmed in Australia, and producers are in talks with both Australian and international actors to work on the film.^[37]

In an interview with Dark Horizons, Boyle said the film will feature two main antagonists, one taken from the comic and one created for the movie. The Phantom's costume is also expected to be updated for the screen, with Boyle seeking to make it more reality-based ^[38]. Characters such as Diana Palmer, Kit and Heloise Walker, Colonel Worubu, President Lamanda Luaga, and Guran will also appear. The film is said to be heavily focused on the mythology of the comics, with the origin of the 1st Phantom expected to be devoted a lot of screen time. The Phantom's eyes behind his mask will also be white, unlike what it has been in previous film-versions. ^[39] Actor Sam Worthington is considered to play the Phantom, after having worked with Boyle on the film Fink. ^[40]