Well, shoot. Chew your gum and stop the Nazis, it looks like Disney might be swinging back towards the live-action Rocketeer franchise. Before he went Marvel Joe Johnston directed Billy Campbell and Jennifer Connoly in this Art Deco superhero tale about a love-lorn pilot who finds a secret rocket pack being developed for war.

Terry Quinn plays Howard Hughes, Timothy Dalton is deliciously evil, there’s an awesome animated propaganda film in the middle of it: really everything that went well with ‘Captain America: The First Avenger’ started going right with Johnston on ‘The Rocketeer.’ It was a movie based on a comic book based on a 1930s serial, no wonder Cap worked so well under essentially the same formula.

Sadly, the film flopped. But recently ‘The Rocketeer’ has enjoyed a re-release anniversary edition AFTER Cap had been in theaters. AND Disney’s live action studio has been through quite the shakeup since they seem incapable of expanding beyond Johnny Depp pirate movies.

Now, Vulture exclusively reports some exciting news:

We’re told [Disney] will soon be meeting with various writers to come up with a take. But its reappearance at Disney now, of course, begs the question: Why? What is new studio chief Alan Horn up to? It could be an early sign that the former Warner Bros. chief doesn’t just view his new job at Disney Studios as that of a mere portfolio manager, content to make sure acquisitions like Marvel, The Muppets, and Pixar, which keep churning out their own properties as Disney’s brand withers. That would be good news, indeed.

I mean, it doesn’t seem that surprising to me. Marvel has enough characters to churn through and DC is so obsessed with making something that looks like the Marvel model, there’s a gap forming for properties that have something to say about superheroism without having to service pre-existing fandom.

‘The Rocketeer’ coming back could be a sweet way to do that.