Harry Potter author J.K. Rowling is to make her screenwriting debut by penning a series of spin-off films set in the magical world of the British boy wizard, she announced on Thursday, putting her in line for another huge payday.
The first film will be called "Fantastic Beasts and Where to Find Them" and will be based on a textbook of the same name used by Harry and his classmates at their school Hogwarts, Rowling said on her Facebook page.
Set in New York and featuring magical zoologist Newt Scamander -- the author of Harry's textbook -- it will be set 70 years before the events of the core Potter novels.
The Warner Bros. film comes two years after the final movie in the eight-part series spawned by her phenomenally successful novels.
"I always said that I would only revisit the wizarding world if I had an idea that I was really excited about and this is it," the 48-year-old Rowling said.
She pitched the idea to Warner Bros. herself after the US studio approached her about making "Fantastic Beasts" into a film.
"I thought it was a fun idea, but the idea of seeing Newt Scamander, the supposed author of 'Fantastic Beasts', realized by another writer was difficult," she wrote.
"Having lived for so long in my fictional universe, I feel very protective of it and I already knew a lot about Newt.
"As hardcore Harry Potter fans will know, I liked him so much that I even married his grandson, Rolf, to one of my favourite characters from the Harry Potter series, Luna Lovegood."
Rowling added: "Although it will be set in the worldwide community of witches and wizards where I was so happy for 17 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.
"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, 70 years before Harry's gets under way."
Rowling, who has sold more than 450 million copies of the Harry Potter books, has been keeping busy since the final novel in the series was published in 2007.
She published her first novel for adults, "The Casual Vacancy", last year to mixed reviews.
In July she was unmasked as the real author of critically acclaimed detective novel "The Cuckoo's Calling", published under the nom de plume Robert Galbraith.
With an estimated fortune of £560 million ($885 million, 666 million euros) the former single mother is the 156th richest person in Britain, according to the Sunday Times Rich List.
Warner Bros. said the new film would spawn video games and other products including links to the Pottermore website as part of an "expanded creative partnership" with Rowling.
"We are incredibly honoured that Jo has chosen to partner with Warner Bros. on this exciting new exploration of the world of wizardry which has been tremendously successful across all of our businesses," said Kevin Tsujihara, CEO of Warner Bros. Entertainment.
"She is an extraordinary writer, who ignited a reading revolution around the world, which then became an unprecedented film phenomenon.
"We know that audiences will be as excited as we are to see what her brilliant and boundless imagination conjures up for us."
Warner Bros. will also act as worldwide distributor for the upcoming television miniseries adaptation of "The Casual Vacancy", which begins production in 2014, it said.