Deadline says:
Fox has preemptively bought Magicians, a drama series adaptation of Lev Grossman’s popular fantasy novel, with a script commitment plus penalty. It will be written by X-Men: First Class and Thor co-writers Ashley Miller & Zack Stentz and produced by Michael London (Milk), Shawn Levy and Michael Adelstein. Based on Grossman’s book, which is described as Harry Potter for grown-ups, the one-hour drama follows a group of 20-somethings in New York who study magic and have access to a magical world.
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I've never heard of the franchise, so I don't know what it is exactly. But a more mature and "grown up" version of Harry Potter could indeed be interesting.