Warner Bros. is postponing production on Fantastic Beasts 3 until late fall of this year.
According to Deadline, the reason for the delay is that Warner Bros. needs more time to prepare, and the studio would have to start right now to make the original shooting date of July. Warner's new regime wants big movies to gestate as long as required. In the past, the studio tended to rush its blockbusters to meet release dates.
Details about the upcoming sequel to 2018's Fantastic Beasts: The Crimes of Grindelwald are few, but the movie should answer some of the questions raised by the franchise's second installment. David Yates is still expected to direct and David Heyman, Steve Kloves, Lionel Wigram and JK Rowling will produce.
The Fantastic Beasts series stars Eddie Redmayne as Newt Scamander, the wizard adventurer who captures and catalogs mystical beasts. Jude Law, Katherine Waterston, Alison Sudol, Ezra Miller, Dan Fogler and Johnny Depp also star. Actors are being notified about the delay and will adjust their schedules accordingly.
The Fantastic Beasts movies have made a combined $1.46 billion worldwide. Adding that to the $7.7 billion made by the Harry Potter films, Rowling's Wizarding World franchise has grossed nearly $9.2 billion globally.