Accio, Harry Potter fans! A new live-action Harry Potter TV series is reportedly in the early stages of development. 

Sources have told The Hollywood Reporter that executives at American streaming service HBO Max are in conversations with potential writers for a Harry Potter TV series.

According to The Hollywood Reporter, sources have said that ideas are currently being discussed as part of early-stage production meetings.

So far, no other details are known about the project, with no cast or crew officially attached yet.

It’s also not yet known whether the show will serve as a reboot of the original films, or if it will tell a new story.

It’s worth noting that both HBO Max and Warner Brothers told The Hollywood Reporter that “there are no Harry Potter series in development at the studio or on the streaming platform.”

While HBO Max and Warner Brothers may be keeping their cards close to their chest, it’s no surprise that they would be keen to continue capitalising on the franchise.

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On top of the two that have already premiered, it is expected that three more Fantastic Beasts sequels will be released within the next few years.

However, it seems safe to say the TV series won’t come without some challenges, as the Harry Potter franchise has some complicated rights issues.

J.K. Rowling controls the franchise and still has a large say in anything related to it, so the series would require her involvement and approval.

On top of that, NBCUniversal also signed a seven-year rights deal with Warner Brothers back in 2016, allowing them US broadcast, cable and streaming rights to the franchise.

No matter how tentative the news may be for now, it’s safe to say we will be waiting with baited breath for more details to emerge.