Leadership changes are part and parcel of Hollywood, where even the most ambitious creative plans can find themselves at the mercy of a new set of executives. DC Studios is now preparing for another changing of the guard, with the architects of its latest cinematic universe stepping away from the positions they have held for four years.

For a certain magic-word-spouting hero, that change has reopened a conversation many fans had assumed was over, although the reality is less straightforward. While Shazam may benefit from a change in direction, the studio has yet to offer fans a concrete reason to celebrate.

The abrupt albeit very real change in DC's leadership has naturally prompted questions about which corners of the studio's existing catalogue might receive another look. James Gunn and Peter Safran said they would return to their creative work, while Skydance described Jeremy Latcham as the executive who would lead the studio into its next era. And despite all the hype and speculation, no official announcement has identified Shazam 3 as his first greenlit project.

James Gunn and Peter Safran are stepping down from their leadership positions at DC Studios after four years, with Jeremy Latcham appointed president and chief creative officer. Skydance announced on November 9 that Latcham will assume the position on December 1, overseeing DC’s film, television and animation slate, but not a greenlit Shazam movie, as rumors have claimed. The Marvel veteran previously worked on projects including Iron Man, The Avengers and Guardians of the Galaxy, the latter bringing him together with Gunn.

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The possibility is particularly striking because the last time Shazam’s future came into focus, the signs were pointing in another direction.

The uncertainty began with Shazam! Fury of the Gods, which failed to match the commercial performance of its predecessor, earning approximately $134 million worldwide against a reported $125 million production budget. The first film, by comparison, made nearly $368 million globally. The sequel's disappointing theatrical run arrived just as James Gunn and Peter Safran were restructuring DC's continuity, leaving little indication that Billy Batson would receive another solo outing.

There had been plans for a third film, as Asher Angel acknowledged when discussing the franchise's future, explaining that new leadership can change existing plans. Djimon Hounsou also told Inverse in December 2023 that everything was “up in the air,” although he remained hopeful about returning.

Zachary Levi, meanwhile, has repeatedly expressed interest in playing Shazam again. Those comments explain why fans are watching Jeremy Latcham's arrival closely, but they do not confirm a revival. For now, the character's next chapter remains a possibility rather than an announced production.

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Were you hopeful for a Shazam! revival as well? Let us know in the comments.