Warner Bros. Nears Deal for Harry Potter TV Series on HBO

Warner Bros. Discovery Inc. is close to a deal for a new online TV series based on Harry Potter, the best-selling young adult books, according to two people with knowledge of the matter.

Each season of the series will be based on one of JK Rowling’s seven books, said the people, who asked not to be identified since the deal hasn’t been announced, suggesting years of fresh fare from the popular stories.

The company is hoping the series can be one cornerstone of a new streaming strategy that will be announced next week by HBO’s parent, Warner Bros. That company’s chief executive officer, David Zaslav, and HBO chief Casey Bloys have worked to convince Rowling to produce a new series, but the deal hasn’t been completed.

The series would allow the writers to delve further into the world of Rowling’s books, many of which are longer than 500 pages. Warner Bros. previously turned each of the seven books into a hit movie, culminating in a two-part film based on the final installment.

--------
Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm
Subscribe to Bloomberg Originals:    / bloombergtv  

Bloomberg Quicktake brings you global social video spanning business, technology, politics and culture. Make sense of the stories changing your business and your world.

Connect with us on…
YouTube:    / bloomberg  
Breaking News on YouTube:    / @bloombergquicktakenow  
Twitter:   / quicktake  
Facebook:   / quicktake  
Instagram:   / quicktake