Newly optioned: Anne McCaffrey's Dragonriders of Pern books.

From Deadline:

The deal was spearheaded by Warner Bros exec Drew Crevello, who joined the studio only a couple of months ago after writing for two years. He previously had been in production at Fox as a VP, where he worked on the X-Men franchise pics. Warners’ Julia Spiro also is working on the project. The series option deal comes as the studio searches keenly for another big franchise; this one could launch an entire merchandising and licensing product line. Just as important, it could be the fantasy the studio craves after Warner Bros rode Harry Potter into The Hobbit, which winds down later this year as Peter Jackson completes the final installment of the trilogy with The Battle Of The Five Armies, complete with its own fire-breathing dragon Smaug.

The books have some problematic aspects, for sure, but this could be interesting. That said, I'm not holding my breath until they actually START SHOOTING, because we've been down this path before.

Related: Dragonsong.

Related: Dragonsinger.