Phantom to return to big screen

Fans of the skintight purple suit rejoice: the Phantom is back.

An Australian production company yesterday announced it had secured the rights to The Phantom Legacy, a follow-up to the 1996 film, The Phantom, which starred Billy Zane as the masked hero who fights evil from his jungle headquarters.

The latest adaptation, which is expected to cost $87 million, will focus on "the father-son relationship, and what it means to be The Phantom," scriptwriter Tim Boyle said in a statement. "The film will be set in the present day and will deal with the concept of destiny."