No, Disney does not own Harry Potter. As of 2026, the film and branding rights remain firmly with Warner Bros. Discovery, while the theme park rights are held by Universal Destinations & Experiences. This is why the "Wizarding World of Harry Potter" exists at Universal Studios parks, not Disney. However, a major 2025/2026 industry shift saw Disney acquire the rights to the "Impossible Creatures" series by Katherine Rundell, which has been marketed as the "next Harry Potter." This deal was a strategic move by Disney CEO Bob Iger to build a competing fantasy franchise after failing to secure J.K. Rowling's world decades ago. While you can find Harry Potter movies on various streaming services depending on regional licensing, they are never part of the core Disney+ library unless through a specific short-term distribution agreement.