Warner Bros Chairman Toby Emmerich says Tuesday that the legendary filmmaker will produce and may direct the film for the studio.
Spielberg is now hard at work getting ready for Indiana Jones 5, which will reunite him with Harrison Ford, who will reprise the title character one last time.
That's according to box office Mojo.More news: Kendrick Lamar Wins 2018 Pulitzer Prize in Music
He started cranking out blockbusters in the 1970's, making waves with "Jaws" in 1975. The Blackhawk titles used to be extremely popular, especially in the 1940s when it outsold all other comic books except Superman.
It has been confirmed that the project will be written by the director's collaborator David Koepp, who he has previously worked with on the likes of "Jurassic Park", "War of the Worlds" and "Indiana Jones and the Kingdom of the Crystal Skull".
The mysterious titular character who first appeared in Military Comics #1 led the Blackhawks, a squadron of World War II-era pilots which Blackhawk formed from occupied countries after his brother and sister were killed in a bombing by the Germans army. "Spielberg is joining forces with Warner Bros. to direct "#Blackhawk". With a plethora of past storylines and villains in the Blackhawk comics, it'll be interesting to see the story that the movie will tell.More news: British PM May defends Syria strikes
The film will likely be more of a standalone piece than form part of Warner Bros wider DC Extended Universe, which will allow Spielberg to take full control of the film's development and give him the freedom to shape the move the way he wants. After the disappointment of Justice League, DC Films is now under new management with Walter Hamada running the show, and he's moving quickly. DC acquired the property in 1956.
Spielberg's total box office cume now stands at a staggering $10 billion, with that figure expected to grow with any new directorial effort the singular talent may have up his sleeves.More news: Frederik Andersen gets redemption in Game 3