Source: Warner Brothers | Collider | Posted By: Dan Geer

It’s been two years since Warner Brothers released the last film in the Harry Potter series based on the popular books by J.K. Rowling. But today, it was announced that there are more stories to tell, although not about Harry Potter.

Fans already know about Harry Potter’s textbook, Fantastic Beasts and Where to Find Them (currently available for anyone to purchase). The book takes the reader outside of Hogwarts School of Witchcraft and Wizardry, exploring what magical happenings occur elsewhere in the world, and claims to be authored by a fictional character named Newt Scamander. But today’s announcement from Warner Brothers lets us know that we will soon have far more than just a textbook when it comes to the tales told within. Rowling will in fact be re-teaming with the studio to pen screenplays for a film series based on the textbook and Newt Scamander! Read on for the official press release!

Official Press Release (Via Warner Brothers):

Warner Bros. Entertainment today announced an expanded creative partnership with world-renowned, best-selling author J.K. Rowling. At the center of the partnership is a new film series from Rowling’s world of witches and wizards, inspired by Harry Potter’s Hogwarts textbook “Fantastic Beasts and Where to Find Them” and the adventures of the book’s fictitious author, Newt Scamander. The announcement was made by Kevin Tsujihara, Chief Executive Officer, Warner Bros. Entertainment.

“Fantastic Beasts and Where to Find Them” will be an original story and will mark Rowling’s screenwriting debut. It is planned as the first picture in a new film series. Set in the wizarding world, the story will feature magical creatures and characters, some of which will be familiar to devoted Harry Potter fans.

“Although it will be set in the worldwide community of witches and wizards where I was so happy for seventeen years, ‘Fantastic Beasts and Where to Find Them’ is neither a prequel nor a sequel to the Harry Potter series, but an extension of the wizarding world,” said Rowling. “The laws and customs of the hidden magical society will be familiar to anyone who has read the Harry Potter books or seen the films, but Newt’s story will start in New York, seventy years before Harry’s gets underway.”

“We are incredibly honored that Jo has chosen to partner with Warner Bros. on this exciting new exploration of the world of wizardry which has been tremendously successful across all of our businesses,” said Tsujihara. “She is an extraordinary writer, who ignited a reading revolution around the world, which then became an unprecedented film phenomenon. We know that audiences will be as excited as we are to see what her brilliant and boundless imagination conjures up for us.”

In addition to the film series, “Fantastic Beasts” will also be developed across the Studio’s video game, consumer products and digital initiatives businesses, including enhanced links with Pottermore.com, Rowling’s digital online experience built around the Harry Potter stories.

The Studio’s expanded partnership with Rowling also covers the continued expansion of its Harry Potter activities, including the wonderful Wizarding World of Harry Potter theme parks in conjunction with partner Universal Parks and Resorts (currently in Orlando, FL; opening in Hollywood, CA and Osaka, Japan), digital initiatives (including Pottermore), video games, consumer products and visitor attractions.

In addition, Warner Bros. will serve as the worldwide TV distributor (excluding the U.K.) of J.K. Rowling’s upcoming television adaptation for the BBC of “The Casual Vacancy,” her best-selling first novel aimed at adult audiences. This miniseries begins production in 2014.

The relationship will be managed in London by Neil Blair of The Blair Partnership, Rowling’s literary agency, and Josh Berger, President & Managing Director, Warner Bros. UK, Ireland and Spain, who will serve as Warner Bros.’ chief business contact for all J.K. Rowling initiatives going forward.

Rowling’s expanded quote regarding “Fantastic Beasts” is below:

“It all started when Warner Bros. came to me with the suggestion of turning ‘Fantastic Beasts and Where to Find Them’ into a film. I thought it was a fun idea, but the idea of seeing Newt Scamander, the supposed author of ‘Fantastic Beasts,’ realized by another writer was difficult. Having lived for so long in my fictional universe, I feel very protective of it and I already knew a lot about Newt. As hard-core Harry Potter fans will know, I liked him so much that I even married his grandson, Rolf, to one of my favourite characters from the Harry Potter series, Luna Lovegood.

As I considered Warners’ proposal, an idea took shape that I couldn’t dislodge. That is how I ended up pitching my own idea for a film to Warner Bros.

Although it will be set in the worldwide community of witches and wizards where I was so happy for seventeen years, ‘Fantastic Beasts and Where to Find Them’ is neither a prequel nor a sequel to the Harry Potter series, but an extension of the wizarding world. The laws and customs of the hidden magical society will be familiar to anyone who has read the Harry Potter books or seen the films, but Newt’s story will start in New York, seventy years before Harry’s gets underway.

I particularly want to thank Kevin Tsujihara of Warner Bros. for his support in this project, which would not have happened without him. I always said that I would only revisit the wizarding world if I had an idea that I was really excited about and this is it.”

This is unbelievable news for Harry Potter fans, and will surely make a ton of money – at least with its first film. But the real question is, can the films become popular like the Harry Potter series, and endure in the hearts and minds of those that watch them like those films do? Will the characters resonate with audiences as much as Harry, Ron, Hermione, etc.? It was difficult enough to capture lightning in a bottle with the Harry Potter series. Can Rowling and Warner Brothers do it again? I’m sure the fans hope so, and I really wouldn’t rule it out, although it is going to be quite a challenge (which is probably why CEO Kevin Tsujihara declined to comment on committing to anything more than one film during today’s Warner Brothers press conference).

We can only hope that Warner Brothers has indeed found the answer to what their next big film franchise will be!