After weeks of speculation, officials of Oklahoma City's new NBA franchise revealed that the team would be called Thunder.

A group of children and team members pulled down a curtain at a news conference Wednesday to reveal a large team banner as the AC/DC song "Thunderstruck" was played.

Team chairman Clay Bennett said the team colors will be blue, red and orange — blue to coincide to coincide with the main color of Oklahoma's state flag and red and orange to reflect the colors of the sunset.