The equivalent of watching ten episodes of a Saturday matinée serial rolled into one Die Hard package, director Simon Wincer's pleasure cruise through the comic-book pages of Phantom creator Lee Falk's masked avenger story is a retro fantasy adventure. Billy Zane plays the orphaned jungle "ghost" trying to stop master criminal Treat Williams unlocking the magical powers of three legendary skulls. A glamorous cocktail of lost kingdoms, supernatural excitement and flashy special effects, Wincer's gently self-mocking tone makes this pulp-fiction treasure a slice of exotic escapism.

The 21st successor to the role of Bengalla's resident superhero must travel to New York to prevent a rich madman from obtaining three magic skulls that would give him the secret to ultimate power.