THE three child stars of TV’s Harry Potter remake are getting a spellbinding £500,000 each for the first series.

, 12, will play boy wizard Harry, the role which conjured up fame for a quarter of a century ago.

An image collage containing 1 images, Image 1 shows Alastair Stout as Ron Weasley, Dominic McLaughlin as Harry Potter, and Arabella Stanton as Hermione Granger in the new HBO Max Harry Potter seriesHarry Potter stars Alastair Stout, Dominic McLaughlin and Arabella Stanton are getting £500,000 each for the first series Illustration of Harry, Ron, and Hermione against a Hogwarts background.Stars from the original films Rupert Grint, Daniel Radcliffe Emma WatsonCredit: Alamy

Arabella Stanton, 11, and Alastair Stout, also 12, play his Hogwarts school of magic pals Hermione ­Granger and Ron Weasley.

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 for the first series. If they keep this up, they’re on track to be multi-millionaires before they turn 18.”

The reboot’s trio replace Radcliffe, now 36, , 37, and , 35 as the new faces of JK Rowling’s tales.

They beat more than 32,000 children who auditioned for the seven-series Warner Bros production.

The young stars were seen for the first time in a two-minute trailer last week, 25 years after the epic film franchise became a global phenomenon.

They are being paid upwards of £60,000 an episode for the eight-part first series.

Our source added: “It’s a lot of money for young kids to be handed overnight but they’re about to become three of the most famous children in the world.

“Similarly to when Daniel, Emma and Rupert were cast, their lives are going to change forever.”

All seven of fantasy will be adapted again over the course of a decade, with the author working as an executive producer.

A child in a cape with "POTTER" and "7" on the back walks in the snow toward a building with house banners.The first official photo from the new Harry Potter seriesCredit: HBO A young boy dressed as Harry Potter holds a clapperboard for a Harry Potter film.Dominic McLaughlin is taking on the role of Harry Potter Daniel Radcliffe as Harry Potter, with a dirty face and open mouth, looking up at an unseen figure.The franchise made Radcliffe a multimillionaire and global film star

The first series, and the Philosopher’s Stone, will launch on Christmas Day on Max.

, which some argued looked “too similar” to its movie namesake.

However, Harry is seen for the first time at a school for “muggles” — those without magic abilities — before ­making his famous trip to Hogwarts.

Scottish actor Dominic joined the cast when he was 11 — the same age as Radcliffe in the first Potter film.

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.”

He went on to perform in other major films such as The Woman in Black plus stage shows, and his ­

, and Grint, estimated to have made £50million, have also gone on to have other major screen roles.