Michael Bay

Huge news just developing: Paramount has announced that it has purchased all film rights to Harry Potter from WB and that they have a remake of the movies in the pipeline and are lining up Michael Bay to direct and produce.

A spokesperson for Bay, the director of the Transformers movies, had this to say:

“Michael has been in discussions with Paramount for a few weeks about a potential reboot of the Harry Potter series in the near future. He is very excited to hear this news this morning and that the plans are set to come to fruition.

He wants to go way bigger and better than before, and has been developing new computer technology for creating the best explosions movie goers will have ever seen.”

We will of course update you on this situation as soon as we hear more news. Stay tuned!

In the mean time, read the statement from Bay’s spokesman in full right here.