The Harry Potter TV show will be produced by HBO Max.

Yes, the hit children's literature series is set to return to Warner Media's streaming service after a box office smash success on brightly lit stages from London to New York. The news comes from Variety, which says that the series is in the "early stages of development," according to multiple sources.

Don't wait in anticipation for the Harry Potter show to appear; Variety's sources only note that the series is in "very early development." This could mean that the release date may be a long way off.

For comparison, HBO officially announced the "House of the Dragon" series, a spin-off of "Game of Thrones," in October 2019, and the show will be released in 2022. This means that there are at least three years until the release date of the Harry Potter TV show.

This is just the next step in what has been rumored for years to be a series set in Mr. Potter's world. Specifically, "conversations were held with several screenwriters about the possibility of a series," but no names are mentioned in the report.

It is unclear what a Harry Potter TV show would cover or which characters would be included. If the upcoming video game "Hogwarts Legacy" proves anything, it is that the Potterverse is free to expand in a direction favorable to the project.

This is not necessarily surprising news; HBO Max has had small hits in the past, and Harry Potter is one of the most commercially successful intellectual properties owned by parent company WarnerMedia, so a series based on the Potter books on HBO landing on Max makes sense.

HBO Max is already slated to be the home of the series "The Peacemaker" starring John Cena, a spin-off of the James Gunn DC film "Suicide Squad. "Walter Hamada, president of DC Films, told The New York Times that HBO Max will be the home of the upcoming will get many shows spun out of DC Films, he said.

The only obstacle to the series' development is Potter author J.K. Rowling herself. Her anti-trans tweets and subsequent lengthy online letters have proven so divisive that the studio behind the upcoming Hogwarts Legacy has had to publicly distance itself and declare that she is not involved in the development.

Had Rowling been involved in writing the series, the backlash would have been swift. The effect, however, is unclear. Johnny Depp dropped out of "Fantastic Beasts" to deal with allegations of abuse from his ex-wife Amber Heard.