David Heyman will produce the fisrt film in a planned trilogy, which will be about a "magizoologist" named Newt Scamander with the film due for release on Novemebr 18th 2016.
Oscar winning director Alfonso Cuaron has ruled himself out of directing Fantastic Beasts and Where to Find Them based on the Hogwarts textbooks of the same name.
Cuaron told Spannish news agency EFE "It was a very beautiful experience for me. I have a lot of love for that universe and I tremendously admire JK Rowling, but today, for the present, projects based around lots of visual effects don't attract me."
"I'm coming out of a five-year process of doing visual effects and now I sort of want to clean my palate of that a little bit."