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Last month, rumors began to surface that Warner Bros. was going to release ultimate editions of the first two "Harry Potter" movies. While no one was sure if it would be theatrical or on home video, today WB officially announced the titles and they are home video releases.

So to help promote the December 8th release, WB has cut a new trailer which details what you can expect to see on the DVD's and Blu-rays and if you're a fan of the "Harry Potter" franchise, I'm sorry to say...you'll be double dipping this holiday season. Watch the trailer and read about the extras after the jump:

Since reading about what's coming is not as fun as watching a video, here's the trailer for the new ultimate editions. As you'll see, the plan is for the first two films to get special editions this year and I'd imagine we'll get two or three more next year. Of course, the big question is what will Warner Bros. do when the franchise is over. Could they eventually re-release all the ultimate editions in theaters? I think they will. After all, there will always be kids who haven't seen the adventures of "Harry Potter" on the big screen and since the films are loved, people will probably pay to see them again. Especially if there is new footage.

And while Warner Bros. is releasing both DVD and Blu-ray editions, I'm just posting the Blu-ray info. The big news is the "Sorcerer's Stone" will have 7 minutes of footage added into the movie and "Chamber of Secrets" will have 13 minutes. Of course both editions have a TON of extras. Here's what's on them:

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Harry Potter and the Sorcerer's Stone: Ultimate Edition (BD)

Street Date: 12/8/09

Spellbinding 3-Disc Set Includes:

Creating the World of Harry Potter Part 1: The Magic Begins

For the First Time Ever ... Uncover the intimate details of the search to cast Harry Potter and his friends • See Daniel, Rupert and Emma's never-before-seen audition tapes • Be there with stars and filmmakers walking onto the set of the exciting first day of shooting • Learn about Chris Columbus' critical, step-by-step decisions behind the creation of Harry Potter's world on screen • Look back on an amazing decade's worth of movies with Daniel, Rupert and Emma in new and vintage interviews never seen before. Plus: Exclusive Introduction by Daniel Radcliffe.

DISC 1: • Theatrical Version including In-Movie Experience with Director Chris Columbus • Extended Version with 7 Minutes of Footage Not Shown in Theatres - BD-Live

DISC 2: • Introduction by Daniel Radcliffe • Creating the World of Harry Potter, Part 1: The Magic Begins - Discover the story of how one vision for the Harry Potter films came together out of limitless possibilities to create the visual world we have come to know and love. • A Glimpse Into the World of Harry Potter 2001 International TV Special - Deleted Scenes Trailers

DISC 3: • Diagon Alley • Tour the Gryffindor Common Room, Harry's Room and the Great Hall - Welcome to the self-guided tour of Hogwarts, home of witches and wizards in training, and take in the sights. • Classrooms: Defense Against the Dark Arts; Spells and Charms; Potions; Transfiguration; • Third Floor Corridor; Deleted Scenes. • Sorting Hat • Library: Gallery of Art & Architecture; Hogwarts Yearbook; Guide to Ghosts - Discover the many marvelous and mysterious ghosts of Hogwarts. • Hogwarts Grounds: Quaffle and Bludger - Get a lesson from Oliver Wood on how to play Quidditch; Tour Hagrid's Hut - Welcome to the self-guided tour of Hagrid's Hut, home of Rubeus Hagrid, the keeper of keys and grounds at Hogwarts, and his faithful companion, Fang. • Extra Credit • Interview - Capturing the Stone: A Conversation with the Filmmakers - Director Chris Columbus, Producer David Heyman, Screenwriter Steve Kloves and Production Designer Stuart Craig talk about casting and bringing the novel to life.

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Harry Potter and the Chamber of Secrets: Ultimate Edition (BD)

Street Date: 12/8/09

Synopsis:  Welcome to the Second Harry Potter Ultimate Hi-Def Edition!

Fantastic 3-Disc Set Includes:

Creating the World of Harry Potter Part 2: Characters

A Whole New Realm of Discovery ... Discover the intriguing inside stories of why so many of Britain's most celebrated stars took roles in the series • See the newly unveiled screen test between Daniel Radcliffe and Evanna Lynch (selected to play Luna out of 15,000 hopefuls!) • Go on the set to see firsthand how each of the directors brought unique strengths to the series • Witness the amazing transformations as Daniel, Rupert and Emma grow with their characters over a decade of unprecedented filmmaking. Plus: Never-Before-Seen Screen Tests of Daniel Radcliffe, Rupert Grint and Emma Watson.

DISC 1: • Theatrical Version including In-Movie Experience with Director Chris Columbus • Extended Version with 13 Minutes of Footage Not Shown in Theatres. BD-Live

DISC 2: • Creating the World of Harry Potter, Part 2: Characters - Explore how the cast and creative team of directors and designers take the character's descriptions on the page to the actor's performances on film. • Screen Tests of Daniel Radcliffe, Rupert Grint and Emma Watson • Harry Potter and the Chamber of Secrets Revealed - 2002 HBO First Look special - Trailers and TV Spots

DISC 3: • Deleted Scenes • Lockhart's Classroom • Photo Gallery: Certificates - Have a look at Gilderoy Lockhart's many achievements; Required Reading - Find out what text books you'll need for Lockhart's Defense Against the Dark Arts class. • Extra Credit • Behind Hogwarts • A Conversation with J.K. Rowling and Steve Kloves - The author and screenwriter detail how the books are brought to life, and the changes that happen in the process. • Dumbledore's Office • Build a Scene - Building a scene as magnificent as Professor Dumbledore's office takes more than wood, plaster, nails and paint. It takes imagination. • Tour Dumbledore's Office - Welcome to the self-guided tour of Professor Dumbledore's office, one of the most fascinating rooms at Hogwarts. • Interviews with Students, Professors and More • Gallery of Production Sketches • Activities • Spellcaster Knowledge Challenge [Game] • EA Game Preview