Warner Bros. has issued the release date of the first film in the Harry Potter spinoff trilogy.

'Fantastic Beasts and Where to Find Them,' is slated to hit theatres on November 18th 2016.

The film studio completed Jk Rowling's 'Harry Potter' film franchise almost three years ago with the release of 'Harry Potter and the Deathly Hallows: Part 2 in 2011,' but last September it was confirmed the wizarding world would be returning to the big-screen.

Warner Bros. extended their working relationship with the British author when they came to a new agreement to create a film franchise based on her 2001 book, 'Fantastic Beasts and Where to Find Them,' which was originally billed as one of Harry Potter's Hogwarts textbooks.

Rowling is writing the screenplay for the forthcoming film, creating a new story from the mind-set of the man behind the textbook, who is called Newt Scamander and his adventures will be the focus of the first film in the upcoming series.

The spin-off story takes place seventy years before Harry Potter is ever introduced to the world, and will be set in New York City.

"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," Rowling said in a press release when news of the film was first announced.

Adding, "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".

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But will the new trilogy repeat the success the film studio achieved with its predecessor?

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The Harry Potter film franchise, which ran from 2001 until 2011, become the highest grossing franchise in history, earning a total of $7,723,431,572 worldwide.

JK Rowling
JK Rowling will pen the screenplay of the forthcoming film