Lee Falk created Mandrake in 1934, with the illusionist a powerful hypnotist who uses his abilities to fight crime with Lothar, one of the strongest men in the world. Universal Pictures produced a 12-part serial based on the comic strip in 1939, but the character has not been seen on the big screen since then.
Disney owned rights for several years in the early 2000s, before they were acquired by Baldwin Entertainment and Hyde Park. Atlas Entertainment picked up the rights in 2009, and even commissioned a script by Janet Peoples and David Webb Peoples (12 Monkeys), before they teamed up with Warner Bros. It now looks like they may be trying to take things in a more comedic direction.