NBCUniversal places big bet on 'Harry Potter'

NBCUniversal is betting big on the “Harry Potter” film series.

In a seven-year deal with Warner Bros., effective in 2018, the Comcast Corp.-owned media company will have the commercial TV rights to air the eight "Harry Potter" movies. They'll be shown mostly on the USA and Syfy channels.

NBCUniversal also gains rights to the coming “Fantastic Beasts” franchise from “Harry Potter” author J.K. Rowling.

While terms of the deal were undisclosed, people familiar with the matter it could be valued as high as $250 million.

Read more from The Wall Street Journal.