Netflix Puts Harry Potter Front and Center in Proposed Warner Bros. Deal

Overview

• Netflix released key art pairing Stranger Things’ Eleven with Harry Potter plus the motto “Defining the next century of storytelling together… More choice, more opportunity, more value,” signaling the franchise’s priority.
• Warner Bros. Discovery rejected a hostile Paramount bid as Netflix reportedly put forward a $27.75‑per‑share cash‑and‑stock offer with a shareholder vote expected in 2026.
• The acquisition remains unresolved under multi‑jurisdictional antitrust scrutiny, and reporting indicates a final close is unlikely before late 2026.
• A new Harry Potter TV reboot is in production with Dominic McLaughlin, Alastair Stout, and Arabella Stanton, targeting an early‑2027 Season 1 on an annual release cadence.
• Existing Warner Bros. projects continue under current leadership, and industry watchers interpret Netflix’s branding push as reassurance that the Wizarding World will be a core focus.