“We changed his name [to Shazam] for a lot of reasons,” said Chief Creative Officer Geoff Johns. “One of them is that Shazam is the word most associated with the character, so we just felt it made sense — a lot of people already thought that was his name, anyway.”
“His place in the world will be far more rooted in fantasy and magic than it ever was before,” Johns also said.
Hard to tell with all the lightning going on but it looks like Captain Marvel has been given a radical redesign. Yay or Nay fans?
Captain Marvel is a fictional comic book superhero, originally published by Fawcett Comics and later by DC Comics. Created in 1939 by artist C. C. Beck and writer Bill Parker, the character first appeared in Whiz Comics #2 (February 1940). With a premise that taps adolescent fantasy, Captain Marvel is the alter ego of Billy Batson, a youth who works as a radio news reporter and was chosen to be a champion of good by the wizard Shazam. Whenever Billy speaks the wizard's name, he is struck by a magic lightning bolt that transforms him into an adult superhero empowered with the abilities of six archetypal figures. Several friends and family members, most notably Marvel Family cohorts Mary Marvel and Captain Marvel Jr., can share Billy's power and become "Marvels" themselves.
Fawcett ceased publishing Captain Marvel-related comics in 1953, due in part to a copyright infringement suit from DC Comics alleging that Captain Marvel was an illegal infringement of Superman. In 1972, DC licensed the Marvel Family characters and returned them to publication, acquiring all rights to the characters by 1991. DC has since integrated Captain Marvel and the Marvel Family into their DC Universe, and have attempted to revive the property several times. However, Captain Marvel has not regained widespread appeal with new generations, although a Shazam! live-action Saturday morning television series featuring the character ran for three seasons on CBS in the 1970s.