Harry Potter HBO reboot: Child stars of new TV show set to earn hundreds of thousands for first season

The three child actors set to make it big in the remake of the Harry Potter films for TV are also set to cash in big, with their whopping salaries revealed.

The first season of the HBO reboot is called Harry Potter and the Philosopher’s Stone, and it’s set to be released in time for Christmas.

It will see Scottish actor Dominic McLaughlin, 12, step into the wizard robes of Harry Potter with the roles of Ron Weasley and Hermione Granger played by Alastair Stout, 12 and Arabella Stanton, 11, respectively.

After the first teaser trailer dropped last week, giving fans a sneak peek at the reimagined Hogwarts and its famous characters created by J.K Rowling, the actors’ hefty salaries were revealed.

A TV insider told The Sun: “This is a whopping payday for three kids who haven’t even hit their teenage years yet — and it’s just the beginning.

“They’re being paid £500,000 (A$966,000) for the first series. If they keep this up, they’re on track to be multi-millionaires before they turn 18.”

That means the young stars are being paid upwards of A$115,000 an episode for the eight-part first season.

The Harry Potter series will run for seven seasons, one for each book, and is expected to span 10 years of production.

The show is being produced by Succession writer Francesca Gardiner and directed by Mark Mylod, a HBO stalwart who has helmed episodes of Game of Thrones, Entourage, Succession and The Last of Us.

J.K. Rowling is also an executive producer, but she doesn’t seem to be actively involved in the project after becoming a controversial figure for her staunch anti-trans views.

Dominic, Alastair and Arabella replace the original famous trio consisting of Daniel Radcliffe, now 36, Rupert Grint, 37 and Emma Watson, 35, who will be the new faces of the beloved books and films for a new generation.

They beat more than 32,000 children who auditioned for the Warner Bros production, which is set to include a more expansive backstory of Harry’s life with his relatives, the Dursleys.

Reacting to the fresh casting, ­Radcliffe said: “They just seem so young. I just look at them and say, ‘Oh, it’s crazy I was doing that at that age’.

“But it’s also incredibly sweet, and I hope they’re having a great time.”

The father of one also urged media not to ask the new actors about the original cast.

“When these kids got cast, there is a whole thing around the internet being like, ‘We have to look after these kids!’” he told ScreenRant.

“If you really mean that, then one of the things you can do is don’t ask about us — me, Emma (Watson) and Rupert (Grint) — all the time.

“I would like not to be weird spectral phantoms in these children’s lives. Just let them get on (with it), it’s going to be a new, different thing. I’m sure Dominic is going to be better than me.”