Since the release of Harry Potter and the Deathly Hallows – Part 2, everyone has been talking about Warner Bros.’ attempt to find “the next Harry Potter.”  Though there have been a few attempts to fill the void created by the conclusion of the box office juggernaut series, the studio has yet to have another franchise take off like Harry Potter did.  So, what are they to do?  Well begin a “Harry Potter-inspired” franchise with author J.K. Rowling onboard, of course.  The studio announced today that it is reteaming with Rowling on “a new film series from Rowling’s world of witches and wizards” that is inspired by Rowling's Fantastic Beasts and Where to Find Them, which begins in New York 70 years prior to the events of Harry Potter.  Hit the jump for more on this very exciting news.

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Per the press release, Rowling is poised to make her screenwriting debut on Fantastic Beasts and Where to Find Them, which will be an original story and is planned as the first film in a new series.  The pic will focus on the mysterious author of the textbook, Newt Scamander, and Rowling had this to say about the new film and its connection to Harry Potter:

“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.”

The Harry Potter film series is the most successful film franchise of all time, so Warner Bros. has to be very, very happy with this news.  Rowling came up with the central idea for the film series herself after WB approached her about turning Fantastic Beasts into a movie.  I’m intrigued by the idea of the author penning the screenplays, and I’m incredibly interested to see how this project moves forward in development.  Will they round up the old gang and get Harry Potter producer David Heyman onboard?  Will they tap a wildly different director to ensure that Fantastic Beasts is a wholly separate entity from the Potter franchise?  It’s still incredibly early in the process, but boy is this exciting for fans of the Potter-verse.  Read the full press release below.

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.”

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