To make a modern film version of an old pulp comic you need to approach the subject with a good level of tongue in cheek and a good dab of stylisation. You only need to look at Dare Devil or the somewhat older Captain America to see how bad they get if you take the subject too seriously.synopsis
Based on the 1930's comic strip, this film, starring Alec Baldwin, puts the hero up against his arch enemy, Shiwan Khan, who plans to take over the world by holding a city to ransom using an atom bomb. Using his powers of invisibility and "The power to cloud men's minds", the Shadow comes blazing to the city's rescue with explosive results.
Needless to say, this is one of the better film pulp comics
Strangely the same rule did not apply to the older black and white versions?