Warner Bros CEO Discusses Harry Potter Future After Fantastic Beasts Failure

After Fantastic Beasts failed, Warner Bros. Discovery CEO David Zazlav speaks about Harry Potter's future. Harry Potter grossed $7.7 billion over eight films.  

These movies capitalized on J.K. Rowling's notoriety to get new followers.  

Meanwhile, the Fantastic Beasts franchise was lackluster, earning $1.865 billion across three films with mediocre reviews. 

Zazlav told the Goldman Sachs Communacopia and Technology Conference that ending Harry Potter was a mistake.  

Zazlav still appreciates the IP and sees the HBO adaptation as a great tactic to help Warner Bros. succeed, according to The Wrap. Warner Bros. 

Discovery also wants to build more Lord of the Rings films without compromising the material and plan the DC Universe. 

Harry Potter's future is uncertain due to the underperformance of its movies.  

Fantastic Beasts and Where to Find Them, the first post-Deathly Hallows film, grossed over $800 million on a $175 million budget and received good reviews. 

The Crimes of Grindelwald, which made $648 million on a $200 million budget, lowered that excellent achievement.  

The Secrets of Dumbledore, the third and maybe final Fantastic Beasts film, grossed $400 million with the same budget in 2022, making a fourth film doubtful. 

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