Disney is reportedly interested in reviving the franchise.
Vulture is reporting that The Rocketeer is being adapted to film for a second time. The first movie, directed by Joe Johnson of Captain America fame, was a financial flop and only lasted in theatres for five weeks. However, Disney is allegedly revisiting the property and will be meeting with writers soon for a script.
The Rocketeer has had a reniassance of sorts in the comic industry recently. IDW released two anthology miniseries featuring the characters that has met with critical acclaim and award nominations. In addition, the publisher is also producing a new miniseries written by Eisner Award winner Mark Waid with art from Chris Samnee, the first of which was released yesterday.
However, several movie blogs are questioning the timing of the move. Vulture notes that Disney now owns the Marvel portfolio of characters and that another superhero movie could saturate the market before Disney owned Marvel Studios completes its grand movie plan.