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Everything We Know About Shazam 2

Shazam Movie Review

Here's everything we know about Shazam 2. Warner Bros. and DC Films are releasing Shazam! in theaters and the movie appears to be poised for success, so much so that it's safe to say this won't be the last time we see the original Captain Marvel.

The first Shazam film is directed by David F. Sandberg and stars Asher Angel as Billy Batson, a foster kid who gains magical abilities. When he says the word "Shazam," he is transformed into the best version of his future self, a tall, muscular hero played by Zachary Levi. The film has already received strong early critical reviews and appears to be a hit with fans based on Warner Bros' early Shazam preview showings too.

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Related: Read Our Shazam Review

But what's next for Shazam and Billy Batson? If Shazam 2 does happen, here is everything we know about it so far, what it means for the larger DC Extended Universe, and how it fits in.

Shazam 2 Isn't Official Yet

Shazam 2 Logo Header SR

The most important piece of information to remember as of right now is that Warner Bros. and DC Films have yet to officially announce that Shazam 2 is happening. There has been no green light by the studio to begin developing a possible sequel, although there are general ideas at DC for where a sequel could go.

WB and many other studios have seen the danger in announcing grand plans for a movie franchise that are then changed or scrapped entirely, so they are logically waiting to see how Shazam! truly performs before making any official decisions about a sequel.

Read More: How & Why The DCEU's Original Slate Changed So Much

Shazam 2 Depends On The First Movie's Box Office

Before Shazam 2 is green lit, the box office performance of Shazam! will play a major role in determining what Warner Bros. decides to do. After spending hundreds of millions of dollars on superhero tentpoles, WB and new DC Films boss Walter Hamada limited the budget on Shazam around $100 million or less (although some reports even claim the studio pumped more money into it than expected during reshoots and post-production because of how good the movie already was).

A lower budget in superhero movie standards will only help Shazam become a box office hit. Some of the early projections for the film's opening weekend have it coming in just north of $40M domestically, which is actually the lowest for any DCEU movie to date. However, the lowest before this was Aquaman which proved that these movies can have great legs to become financially successful films. Unlike that underwater epic though, the smaller budget on Shazam means it doesn't need to come anywhere close to $1 billion to be a hit.

Related: Why Aquaman Is The First DCEU Film To Pass $1 Billion (And Not Batman)

WB will absolutely take such a response from the film, but if a $100M budget is correct, Shazam could be a profitable film for the studio once it clears just $200-300M worldwide. Barring a completely unforeseen lackluster reception from general audiences, Shazam's box office should easily give WB the results they'll want to move forward on another film.

When Could Shazam 2 Release?

Shazam Zachary Levi Street Performer Calling Down The Lightning

Even if a Shazam sequel is announced soon, be warned: fans shouldn't expect to see the movie until 2022 at the earliest given both the packed slate of films DC has on the horizon and the amount of time necessary to develop Shazam 2 to be as good as the first.

Shazam's Cast, Director & Producer Would Return For A Sequel

Shazam Jack Dylan Grazer Zachary Levi

Assuming Shazam 2 does happen, there's already some good news when it comes to production. The main cast will absolutely be back thanks to multi-picture deals, but the same is not usually the case with directors. Patty Jenkins signed a mega deal after the success of Wonder Woman to return for Wonder Woman 1984, and James Wan is said to be waiting for a great script on Aquaman 2 before committing to another underwater DC epic. David F. Sandberg has already shared his interest in returning for a Shazam sequel, even though it is unclear if his contract has an option for one built in.

Sandberg isn't the only key member behind the camera who wants to return for Shazam 2, though, as producer Peter Safran has also enthusiastically made his desire to return known. Safran is no stranger to cinematic universes after working with Wan on building The Conjuring into a shared universe, and looks to be taking on a bigger role in the future of the DCEU. He produced their biggest hit in Aquaman and now looks to have another winner on his hands with Shazam, while he's also set to be involved with James Gunn's The Suicide Squad.

Page 2 of 2: Shazam 2's Story & Likely Villain (Spoilers)

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Key Release Dates
  • Joker (2019) release date: Oct 04, 2019
  • Birds of Prey (And the Fantabulous Emancipation of One Harley Quinn) (2020) release date: Feb 07, 2020
  • Wonder Woman 1984 (2020) release date: Jun 05, 2020
  • DC Super Pets (2022) release date: May 20, 2022
  • The Batman (2021) release date: Jun 25, 2021
  • The Suicide Squad (2021) release date: Aug 06, 2021
  • Aquaman 2 (2022) release date: Dec 16, 2022
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