Variety is now reporting that despite the statement, "multiple sources have confirmed that the project is in the very early stages". Still, given the franchise's enduring popularity (in spite of the controversy surrounding author, J.K. Rowling), it would surprise exactly zero people that Warner Bros. would be looking at a way to use the IP to bolster the appeal of its growing streaming service.
An article in The Hollywood Reporter hit headlines on Monday morning when it was claimed a new live-action Potter project was in the works at USA streaming service HBO Max, which is backed by WarnerMedia executives.
The film series has grossed over $8 billion worldwide. Several users pointed out that the news about the new "Harry Potter" series came after President Joe Biden ended a Trump-era ban on transgender people serving in the military on Monday.
In 2016, NBC inked a lucrative deal with Warner Bros. The planned Harry Potter series that could air on HBO Max might actually bring back Daniel Radcliffe and the cast of the original films.
Harry Potter receiving a reboot was bound to happen at some point in time. "It will be interesting to see how long those films stay".
No writers or talent have been attached at this stage, as the conversation about the possible series is still planning with broader ideas. Partly due to her comments about the trans community, yes.
For one thing, the lower budget and indefinite time frame of a TV series could see quality take a huge hit for the sake of quantity. There's no shortage of ways a creative team could explore it without touching upon Harry Potter and his core characters.