After Fantastic Beasts’ Box Office Failure, Harry Potter: Wizarding World Movies Could Be “Reset.”

After its great success, Warner Bros. expanded the Harry Potter film franchise, paving the stage for the current Fantastic Beasts series of tie-ins. According to insiders close to Warner Bros. Discovery, the lackluster box office returns for the last two Fantastic Beasts films may necessitate a redo. CEO David Zaslav, who has stated that he will carry on his predecessor’s plans to launch a Hogwarts-themed TV series on HBO Max shortly, is considered a “reset” for the Potter film franchise as a whole.

Following the resignation of Warner Bros. Pictures CEO Toby Emmerich, TheWrap believes that Zaslav will take a hands-on approach to some of the studio’s core businesses. According to that claim, Zaslav may be on his way to relaunching the Potter franchise. He’ll also be working with D.C. and Warner AD.C.mation, so this might be a precursor to what’s to come for both franchises.

Fantastic Beasts: The Secrets of Dumbledore, the third Fantastic Beasts film, debuted with only $43 million at the box office earlier this year. Fantastic Beasts and Where to Find Them grossed $74 million in its first weekend in 2015, and Fantastic Beasts: The Crimes of Grindelwald grossed $62 million in its first weekend in 2018. The box office dropped by 67 percent from the first to the second weekend to make matters worse.

The odds are stacked against the film; in addition to declining box office returns between installments and negative reviews for the second film, the Harry Potter franchise has been beset by J.K. Rowling’s constant stream of Twitter scandals. After a British court decided against him in a defamation action, indirectly related to the U.S. case that the U.S. concluded up this week and is scheduled to be appealed, Johnny Depp left the franchise.

David Yates (Harry Potter, Fantastic Beasts, and Where to Find Them) directs the film based on a screenplay by J.K. Rowling and Steve Kloves.

Fantastic Beasts: The Secrets of Dumbledore is now streaming on HBO Max, starring Eddie Redmayne, Jude Law, Ezra Miller, Dan Fogler, Alison Sudol, William Nadylam, Callum Turner, Jessica Williams, Victoria Yeates, Poppy Corby-Tech, Fiona Glascott, Katherine Waterston, Maria Fernanda Cândido, Richard Coyle, Oliver Masucci, Valerie Pachner, and Mads Mikkel

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