Zachary Levi will play the role of the titular character. Levi is known for voicing Flynn Rider in Disney's animated film Tangled. He has also worked for DC Films' main competitor, Marvel, with his role of Fandral in Thor: The Dark World and Thor: Ragnarok.
The film will be scripted by Henry Gayden and Darren Lemke. Peter Safran will be producing. All three have previously worked on New Line’s Annabelle: Creation.
Shazam! follows a young boy who's given powers that allows him to become a superhero when he says the popular magical word. The C.C. Beck and Bill Parker–created series dates back to the 1940's with Fawcett Comics before DC Comics bought the rights to the character and added him to their lineup in 1972.
It was also announced that the untitled DC film that was set to be released on July 27, is no longer on the official schedule.
Speaking of DC movies, James Wan's Aquaman, which will star Jason Momoa, will be hitting theaters towards the tail end of the year on December 21, 2018. Patty Jenkins' Wonder Woman 2 will be out on November 1, 2019.