Paramount Gains Exclusive TV Rights to ‘Harry Potter’ and ‘Fantastic Beasts’ Franchises Under Deal With Warner Bros. Discovery

Paramount has secured an exclusive television licensing deal for the “Harry Potter” and “Fantastic Beasts” film franchises from Warner Bros. Discovery, according to The Hollywood Reporter. The agreement covers 11 films tied to the properties and sets a rollout beginning July 3, with the first franchise broadcasts airing on multiple Paramount-branded channels, the trade publication reported.

The deal is described as an exclusive TV arrangement, giving Paramount the rights to bring the films to its linear television outlets. The first scheduled premiere, beginning July 3, marks the first time the films will be aired on specific Paramount networks in the announced lineup, including MTV, Nickelodeon, Nick at Nite, and Paramount Network.

For viewers, the change affects where and when major studio releases are carried on broadcast-style cable and niche children and family channels. Nickelodeon and Nick at Nite are among the networks named in the agreement, indicating the franchises will reach households where parents and guardians may rely on channel branding and familiar time slots to manage children’s media exposure.

The schedule is likely to be a practical operational shift for programmers and affiliates, since adding a major film library requires rights-compliant scheduling, advertising inventory planning, and viewer communication. The Hollywood Reporter said the agreement’s timing is structured to begin with July 3 programming rather than a gradual later start.

The licensing arrangement also reflects how studios manage long-term catalog monetization across platforms. While the report does not detail streaming terms, it specifically addresses television licensing, meaning the deal’s impact centers on linear distribution rather than a full rewrite of rights across all formats.

Warner Bros. Discovery’s and Paramount’s negotiations underscore the continued value of legacy fantasy franchises, which remain among the most prominent film libraries in the industry. By extending the franchises onto additional Paramount channels, the agreement increases the number of outlets through which the properties can be marketed and consumed through television programming.

The next step for audiences will be to watch for the first July 3 airings on MTV, Nickelodeon, Nick at Nite, and Paramount Network and to monitor subsequent scheduling across the remaining films covered in the 11-title package, as Paramount moves through its announced franchise rollout.