Harry Potter is more than a cultural phenomenon, just like Star Wars. The difference here between in at Lord of the Rings is that indeed, Lord of the Rings is an old classic of the fantasy genre. If anything, Lord of the Rings IS the Fantasy genre. Lord of the Rings CREATED the fantasy genre. It may not have been the sole inventor, but it brought the genre into mention. Harry Potter would not exist without Lord of the Rings. Lord of the Rings is an old fandom, much older than Star Wars, that has been revived a bit. If anything, Star Trek was the new Lord of the Rings, and Star Wars was the new Star Trek.
What Harry Potter is, is basically another successful "Shounen" anime, as it could be put. Just a live-action and not actually animated. Nonetheless, think about how many anime started as a light novel. Harry Potter basically fits all the "shounen" anime tropes. And is kind of a successful hit of an adventure of the young just like other successful hits that formed almost a subculture in the 90s, such as Naruto, Bleach, One Piece, Pokemon, and the Matrix. And to a degree, that's true of Star Wars, in that it started with Luke Skywalker.
Star Wars was the generational "big nerd fandom" of the 80s. The 90s largely had things like Pokemon. As Pokemon started to die down, Harry Potter was hot on it's tail. And just like Pokemon and Star Wars before it, Harry Potter is still very alive but still heavily on the decline. As in, every news outlet isn't focusing on it like they once did Star Wars, Pokemon, and Harry Potter.
It also shows that, for all people complain about young, fresh people who don't know what the heck they're doing being thrown into a world of adventure so that viewers can see it through their eyes, such as Luke Skywalker learning about the force, Harry Potter learning about the world of Wizards, Satoshi/Ash Ketchum learning about the vast world of semi-friendly monsters, that formula is beloved and successful.
Perhaps part of why Episode VI is much more successful than the original trilogy, is because we did not have a Luke Skywalker to identify with.
To put things into perspective, Lord of the Rings is not the Star Wars of this generation. It was the Lord of the Rings of it's own generation. It is a cultural phenomenon that continues to this day. But the Star Wars thing was defined by being "the next new thing" and nerdy adventure fad. Something that gave the Star Trek fandom a run for it's money for a while. Harry Potter wins this one out of proper context.
I can't believe I'm responding so seriously to a silly comedy video not meant to be taken seriously.