Tinseltown Takeover: The Rise of Harry Potter Fan Fiction as Hollywood’s Hottest Commodity

tFanfiction once involved sharing secret sketches in the hidden nooks of the internet. There, Darcy was envisioned as the roommate of a peculiar vampire. It was an underground pastime that went unnoticed by Tinseltown executives. Yet, here we are in 2025, according to Hollywood Reporter News. The iconic photo fetched at least $3 million (a staggering £2.2 million).

The backstory of Alchemy, Senlinyu appears somewhat nebulous. The original narrative by Senlinyu, titled Manacled, resided in a niche genre known as “Dramione,” where Hermione Granger often found herself entangled in an improbable romance with Draco Malfoy. Now devoid of any references to Hogwarts, Butterbeer, or Nimbus from the 2000s, and with characters renamed, Alchemy will hit shelves and online platforms later this month as a dark fantasy saga about a young woman grappling with memory loss, who finds herself at the mercy of a formidable and ruthless necromancer.

In a similar vein, The Love Hypothesis is making its way to cinemas. Lili Reinhart portrays a doctoral candidate who becomes involved with Professor Tom Bateman. If you think the pairing of Hermione and Draco is unusual, this one draws inspiration from a Star Wars fanfic subgenre known as Reiro, focusing on the taboo romance between Rey and Kylo Ren.

This isn’t the first occasion Hollywood has sought inspiration from fanfiction for its next blockbuster. While studios previously turned to pulp novels, classic theater, or acclaimed short stories from The New Yorker to fill theaters, producers are now increasingly looking towards Tumblr and our own archives, including AO3. In 2019, Sony Pictures Television secured a first-look deal with Wattpad, an online platform that has become a breeding ground for aspiring authors, generating scripted series and films based on the site’s most popular narratives. Wattpad started as a sassy take on One Direction but remarkably led to five films (direct-to-streaming) between 2019 and 2023, and also birthed the After series along the way.

And then, of course, there are the infamous 50 Shades. Originally a Twilight fanfic, it evolved into a trilogy of films that grossed over $1.3 billion worldwide, even though it was panned by critics. Its success demonstrated to studios that original research isn’t always essential. The saga begins with Edward and Bella’s intriguing narrative and could still be a billion-dollar franchise.

What drives Hollywood’s attraction to these projects? Logically, it relates to the brand recognition garnered through proxies. When given the option, Harry Potter enthusiasts are likely to want to see their beloved Hermione and Draco engaged in magical escapades. Meanwhile, readers of AO3’s “original” works, often numbering in the millions, feel a shared sense of ownership over this odd transition from fanfiction to the big screen—something studios greatly value.

Fanfiction is a source of existing enthusiasm that works to corporate advantage. Such immense online followings provide proof of concept, eliminating the need for focus groups or test screenings. They come equipped with a ready-made, highly enthusiastic community. In an industry where original scripts are often treated as financial risks, this data suggests that these films aren’t mere gambles; they are seen as incubators for franchises.

Source: www.theguardian.com

Elon Musk to Testify Again in SEC Investigation of Twitter Takeover

Elon Musk has been ordered to testify again as part of a U.S. regulatory investigation into his 2022 acquisition of social media platform Twitter (later renamed X).

A California federal court ruling announced on Saturday ordered Tesla and SpaceX chiefs to issue financial statements regarding the date, time and location of interviews after Musk refused to appear at a previous roundtable meeting in September. It gave the company one week to reach an agreement with the Exchange Commission (SEC).

In order, U.S. Magistrate Judge Laurel Beeler Although the parties had agreed on an initial date, “the defendant (Musk) ultimately failed to appear in court and was subpoenaed on the basis that the SEC's investigation was baseless and harassing, seeking irrelevant information.” “I am resisting,” he said.

The SEC filed charges against Musk in October to compel him to testify as part of its investigation into the $44 billion acquisition now known as X. The committee is also seeking testimony from Musk about whether he complied with the law in preparing the required documents regarding his Twitter stock. Including the purchase, as well as whether his statements regarding the purchase of the platform were accurate.

According to the order, Musk's lawyers said he would not appear in court because regulators leaked information to the media. Musk's team also claims the investigation is frivolous, and the government's actions have been plagued by requests for documents and repeated requests for testimony in the face of the investigation “arising from an accidental delay in filing administrative filings.” said.

Beeler denied the allegations in pressing for an interview, saying regulators had the power to issue subpoenas for relevant information. If the SEC and Mr. Musk cannot agree on a date and time for the meeting, Mr. Bieler said he will listen to both sides and make a decision.

The move dates back to Musk's infamous 2018 tweet in which he said “funding is secured” as he tried to take Tesla private.

Regulators argued this was a violation of securities laws that prohibit publicly traded companies from announcing plans to buy or sell securities if executives do not intend to complete, do not have the means to complete, or seek to manipulate stock prices. .

In the settlement, Musk agreed to let Tesla's lawyers review his tweets about the electric car maker. But regulators again sued him a year later for allegedly violating the agreement. Musk later petitioned the U.S. Supreme Court to review the agreement, arguing that it violated his right to free speech.

In 2022, regulators asked Musk for information about a delay in disclosing his Twitter stock, but Musk was delayed by a week. He testified twice that year, according to the SEC. Musk claims that the third interview constitutes “harassment” by the government.

This controversy is not the only conflict between Mr. Musk and the government. In November, he lost a bid to prevent the Federal Trade Commission (FTC) from continuing to oversee Company X's handling of personal user data.

Musk called for action from government agencies “This is a shameful incident in which a government agency is weaponized for political purposes and the truth is covered up!”

Source: www.theguardian.com