'Fantastic Beasts and Where to Find Them' will be 5 movies

"Fantastic Beasts and Where to Find Them" will expand to five films, J.K. Rowling announced Thursday.

The "Harry Potter" author made the announcement at a fan event for the movie — previously, the series was announced to be just a trilogy.

"Fantastic Beasts and Where to Find Them" will hit theaters on Nov. 18.

The film stars Eddie Redmayne, Katherine Waterston, Alison Sudol, Dan Fogler, and Colin Farrell. Rowling wrote the screenplay for the film, which is set in the same universe as "Harry Potter." David Yates, who directed the last four "Harry Potter" films, is directing this project.

Watch the announcement above.

More to come...

Check out more Potter love in the gallery below!

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Shop for Harry Potter products
Pick up a complete 8-film set collection for the "Harry Potter" series. It's available in Blue-Ray and DVD and it's a big bargain at just $60! 
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For kids (or adults!) who haven't gotten their hands on the full collection of "Harry Potter" books, it's the perfect gift to pick up. Paperback just $45 and a hardcover collectible collection is $120! 
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The new book "Harry Potter and the Cursed Child" from J.K. Rowling definitely rekindled the fan flame and it's worth reading! Snag a copy like this one, which includes Part 1 and Part 2. 
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Super fans can appreciate this gift -- a Marauder's Map mug! When it's cold, it just looks like a normal black mug and then when you put a hot beverage inside, it turns into the map.
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What better way to get into the Harry Potter spirit than to take a trip to Hogwarts? The magical world at Universal Studios is fun for the whole family and you can check it out in Hollywood or Orlando. (Photo by Gabriel Olsen/FilmMagic)
If you're going to be a wizard you've gotta have a wand. This little baby does magic and illuminates when you cast a spell. 
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The LEGO set for Harry Potter comes complete with a Hedwig and a couple witches on a broomstick. 
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