Obviously embarrassed by the last feature film version of "The Phantom" in 1996, Crusader Entertainment and Hyde Park are reviving the Lee Falk comic hero The Phantom, with a contemporized tale to be scripted by Steven De Souza. This one will have nothing to do with the previous film – filmed in Australia and starring Billy Zane – Instead, said Crusader Entertainment CEO Howard Baldwin and Hyde Park CEO Ashok Armitraj, the character will be reinvented to be closer to films such as Spider-Man and The Matrix."The fact is this character is terrific and has been followed by people around the world," said Armitraj. "There is a great history there, the whole legend of the Phantom, how it was handed down four centuries with the vow to take on piracy and bad guys, these people out to destroy the world… The major thing is to put him in a contemporary setting with the weapons and gizmos and ‘Matrix’-style stuff which wasn’t done in the previous film."