Sorry Harry Potter Fans It Appears We Have Some Bad News For You

FILE-   In this file film publicity image released by Warner Bros. Pictures, from left, Emma Watson, Rupert Grint and Daniel Radcliffe are shown in a scene from

Emma Watson, Rupert Grint and Daniel Radcliffe are shown in a scene from "Harry Potter and the Deathly Hallows: Part 2." (AP Photo/Warner Bros. Pictures, Jaap Buitendijk, File) 

Potter fans I have some very bad news for you today and I apologise in advance for the sadness this is sure to cause within the loyal Harry Potter community.

Just this week an article in The Hollywood Reporter suggested that there was a Harry Potter television series in the works.

The news quickly became a hit with Potter fans with The Hollywood Reporter suggesting that HBO Max are developing the "live-action" series backed by Warner Media.

Twitter blew up after the story dropped with fans expressing a range of emotions regarding JK Rowling's involvement after some of her more recent opinions and transphobic views. While some fans were happy to hear the news, others yes, want more Potter content just not if Rowling is going to benefit financially from it.

However, and we are sorry to say this Potter fans but both Warner Bros. Studios and HBO Max have since shut down the rumour mill. 

Speaking with The Wrap executives from both companies said that "there are no Harry Potter series in development at the studio or on the streaming platform."