04/08/2016 01:21 BST | Updated 04/08/2017 06:12 BST

Fantastic News For Harry Potter Fans As Spin-Off Film Gets A Sequel

Five years since their last wizarding fix Harry Potter fans now have not one, but two, fantastic films to look forward to.

Movie bosses have announced that work on a darker sequel to upcoming flick Fantastic Beasts And Where To Find Them is under way - before the new story has even hit the screens.

The first instalment in the Harry Potter spin-off, starring Eddie Redmayne, Katherine Waterston and Ezra Miller, is out on November 18 and will be JK Rowling's screen writing debut.

Based on her 2001 novel by the same name, the story follows Newt Scamander, a "magizoologist" on a mission to catalogue otherworldy creatures in New York,

Warner Bros said the second outing for Redmayne's Scamander will also be penned by the author and is expected to have a "darker edge", but fans will have to hold on for two years before the sequel reaches cinemas on November 16 2018.

The prospect of a burgeoning Fantastic Beasts franchise to follow the eight-part Harry Potter series will be magical for Rowling, who on Wednesday was named the world's third richest author.

With an estimated £580 million fortune, Rowling made £14.2 million in the past year that saw the opening of her two-part West End debut, Harry Potter And The Cursed Child.