HBO announces acquisition of 'Harry Potter' and 'Welcome To Derry' for upcoming high-budget streaming lineup
Entertainment | June 25, 2024, 3:34 p.m.
Warner Bros. Discovery is shifting its strategy by moving big-budget series like the Harry Potter and IT prequel Welcome to Derry from Max to HBO. The Green Lantern series Lanterns is also getting a series order at HBO as part of this shakeup. The fate of other anticipated series like The Penguin and Dune: Prophecy remains uncertain. Despite plans for these shows to air on Max after their linear debuts, the move reflects a lack of confidence in scripted streaming originals for the company. David Zaslav had expressed optimism during the rebranding of Max in 2023, emphasizing the potential for success. However, with the recent changes, it appears that Max will not be the primary home for big-budget scripted series. Warner Bros. Discovery's focus on linear networks signals a significant shift in their content distribution strategy.