I'm not sure how I feel about this:

Warner Bros. Entertainment today announced an expanded creative partnership with world-renowned, best-selling author J.K. Rowling. At the center of the partnership is a new film series from Rowling’s world of witches and wizards, inspired by Harry Potter’s Hogwarts textbook “Fantastic Beasts and Where to Find Them” and the adventures of the book’s fictitious author, Newt Scamander. The announcement was made by Kevin Tsujihara, Chief Executive Officer, Warner Bros. Entertainment.

“Fantastic Beasts and Where to Find Them” will be an original story and will mark Rowling’s screenwriting debut. It is planned as the first picture in a new film series. Set in the wizarding world, the story will feature magical creatures and characters, some of which will be familiar to devoted Harry Potter fans.

“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,” said Rowling. “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.”

On the one hand, I'm glad Rowling is involved. On the other hand, I can see this conversation taking place as a group of Warners execs sit around bemoaning the fact that Man of Steel basically tanked after its opening weekend.

Exec 1: Too bad we can't do anymore of that Potter stuff.

Exec 2: Or can we?

At which point dollar signs lit up everyone's eyes.

End Scene

So like I said, I just don't know how I feel about this.