Latino Review is reporting that the new version of The Shadow is no longer at Sony Pictures. According to the site, 20th Century Fox has picked up the property with Sam Raimi still attached to produce.
The site says the studio is eyeing David Slade to direct the film. Slade's credits include Hard Candy, 30 Days of Night (produced by Raimi) and upcoming The Twilight Saga: Eclipse.
Universal Pictures previously brought the character to the big screen in 1994 when Alec Baldwin played the title role in the Russell Mulcahy-directed The Shadow.
Source: Latino Review