J.D. Payne and Patrick McKay (Star Trek 3) have been writing the script, based on a George Nolfi (The Bourne Ultimatum) treatment (see "''Flash Gordon' Movie in the Works at Fox").
In addition to Kingsman, Vaughn also directed comic book adaptations of Kick-Ass and X-Men: First Class. He also has producer credits on Kick-Ass 2 and the upcoming Fantastic Four film.
The character’s popularity has endured for 70 years. Dynamite Entertainment has the comics license (see "Dynamite Announces New 'Flash Gordon' Comic” and "Preview: 'King: Flash Gordon' #1").