AGL 40.00 Decreased By ▼ -0.16 (-0.4%)
AIRLINK 129.53 Decreased By ▼ -2.20 (-1.67%)
BOP 6.68 Decreased By ▼ -0.01 (-0.15%)
CNERGY 4.63 Increased By ▲ 0.16 (3.58%)
DCL 8.94 Increased By ▲ 0.12 (1.36%)
DFML 41.69 Increased By ▲ 1.08 (2.66%)
DGKC 83.77 Decreased By ▼ -0.31 (-0.37%)
FCCL 32.77 Increased By ▲ 0.43 (1.33%)
FFBL 75.47 Increased By ▲ 6.86 (10%)
FFL 11.47 Increased By ▲ 0.12 (1.06%)
HUBC 110.55 Decreased By ▼ -1.21 (-1.08%)
HUMNL 14.56 Increased By ▲ 0.25 (1.75%)
KEL 5.39 Increased By ▲ 0.17 (3.26%)
KOSM 8.40 Decreased By ▼ -0.58 (-6.46%)
MLCF 39.79 Increased By ▲ 0.36 (0.91%)
NBP 60.29 No Change ▼ 0.00 (0%)
OGDC 199.66 Increased By ▲ 4.72 (2.42%)
PAEL 26.65 Decreased By ▼ -0.04 (-0.15%)
PIBTL 7.66 Increased By ▲ 0.18 (2.41%)
PPL 157.92 Increased By ▲ 2.15 (1.38%)
PRL 26.73 Increased By ▲ 0.05 (0.19%)
PTC 18.46 Increased By ▲ 0.16 (0.87%)
SEARL 82.44 Decreased By ▼ -0.58 (-0.7%)
TELE 8.31 Increased By ▲ 0.08 (0.97%)
TOMCL 34.51 Decreased By ▼ -0.04 (-0.12%)
TPLP 9.06 Increased By ▲ 0.25 (2.84%)
TREET 17.47 Increased By ▲ 0.77 (4.61%)
TRG 61.32 Decreased By ▼ -1.13 (-1.81%)
UNITY 27.43 Decreased By ▼ -0.01 (-0.04%)
WTL 1.38 Increased By ▲ 0.10 (7.81%)
BR100 10,407 Increased By 220 (2.16%)
BR30 31,713 Increased By 377.1 (1.2%)
KSE100 97,328 Increased By 1781.9 (1.86%)
KSE30 30,192 Increased By 614.4 (2.08%)

Warner Bros. Discovery Inc. is close to a deal for a new online TV series based on the 'Harry Potter' book series, reported Bloomberg, quoting persons familiar about the deal on Tuesday.

Each season of the series will be based on one of JK Rowling’s seven books, according to the report. It is rumoured to comprise of fresh material from the popular books.

The company is hoping the series can become a staple part of a new streaming strategy that will be announced next week by HBO’s parent, Warner Bros.

A store assistant holds copies of the book of the play of 'Harry Potter and the Cursed Child' parts One and Two at a bookstore in London, Britain July 31, 2016. Photo: Reuters
A store assistant holds copies of the book of the play of 'Harry Potter and the Cursed Child' parts One and Two at a bookstore in London, Britain July 31, 2016. Photo: Reuters

AT&T to spin off WarnerMedia in $43 billion Discovery media merger

The company’s chief executive officer, David Zaslav, and HBO chief Casey Bloys have been working to convince Rowling to produce a new series, but the deal hasn’t been completed as yet.

The fresh new series would allow writers to delve further into the world of Rowling’s books. Warner Bros. has previously turned each of the seven books into a hit movie, including a two-part film that comprised the final book.

Warner Bros. has reportedly been wanting to do more with the best-selling book series. While Rowling blessed a stage play adaptation and a theme-park attraction, she had yet to sign off on new movies or a TV show, added the report.

Warner Bros. Discovery expected to unveil new streaming strategy

The author will be involved in the series to ensure it remains loyal to her original material but will not serve as its primary creator, the sources added.

Warner Bros. is also preparing to announce a new streaming strategy, including the name Max for its flagship online service, which debuted as HBO Max.

A big part of that strategy will be contingent on new content, especially films and TV shows based on stories and characters that viewers are already familiar with.

Warner Bros. has a deep library of programmes that fit the bill, including Rowling’s 'Wizarding World', the 'Lord of the Rings' series and a league of superheroes that includes 'Batman', 'Superman' and 'Wonder Woman'.

Batman, Superman sequels: what is in the works at DCU and DC Elseworlds

The 'Harry Potter' books tell the story of a young wizard whose parents were slain when he was an infant and is then raised by his non-magical aunt and uncle. He discovers he is a wizard and is invited to attend Hogwarts, the world’s leading school for wizards.

The series has also spawned a stage production, 'Harry Potter and the Cursed Child.'.

However, it is the books themselves and the seven films that have had the largest impact, added the report. According to US publisher Scholastic Corp., the book series has sold 600 million copies in 85 languages over 25 years, becoming the all-time bestseller.

The eight films based on the series generated worldwide ticket sales of more than $7.7 billion, according to Box Office Mojo, the report concluded.

Warner Bros Discovery to tap popular movie franchises, posts loss

Comments

Comments are closed.