Mad Cave Studios is poised to launch a new Phantom comic book series within its portfolio of publications, with the debut of the Phantom edition number zero scheduled for release on Free Comic Book Day, 3rd of May 2025.
This upcoming release promises to capture the essence of Lee Falk’s iconic creation, delivering pulpy storytelling that emphasizes justice, honor, mystery, and mythology, all packed with action. The series aims to appeal to both longtime fans and newcomers alike.
Author Ray Fawkes has been announced as the writer by Mad Cave Studios for this new series, with Taylor Esposito presently recognized as the series letterer. Regrettably, the comic strip illustrator has yet to be announced.
The cover artwork for this first edition number zero has been creatively illustrated by Greg Smallwood, presenting a novel yet recognizable visual interpretation of the Phantom. This Free Comic Book Day edition can be seen below.

The Phantom comic book seen above is part of Mad Cave Studios’ broader 2025 Free Comic Book Day lineup, which also includes titles like Speed Racer, Herobear and the Kid, Disney’s Phineas and Ferb, Flash Gordon and more.
This new Phantom series is being described by Mad Cave Studios as:
The Phantom, Lee Falk’s highly influential superhero, is back in an all-new adventure series! The first story in an exciting publishing plan that is sure to satisfy both new and returning “Phans” of comics’ beloved Ghost Who Walks. In true Phantom fashion, look forward to pulpy storytelling focused on justice, honor, mystery, and mythology—all told with heaps of action!
Free Comic Book Day (FCBD) is an annual event where participating comic book shops worldwide give away free comics to anyone who walks through their doors. Built on the idea that there’s a perfect comic for everyone, this special day offers a diverse selection of free titles catering to all ages and interests.
Be sure to visit your local comic book shop to grab this free issue on Free Comic Book Day on the 3rd of May 2025. It’s a perfect opportunity to delve into the latest adventures of the Ghost Who Walks and celebrate the enduring legacy of the Phantom.
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