The next installment of the "Fantastic Beasts" franchise has a release date. On Monday, Warner Bros. Pictures announced the third "Fantastic Beasts" film will hit theaters Nov. 12, 2021.

Production on the new film -- which is the third installment of an expected five - is set to begin in spring. The first two "Fantastic Beast" films were released in 2016 and 2018, respectively.

Set in the same universe as the "Harry Potter" series, "Fantastic Beasts" stars Eddie Redmayne as zoologist Newt Scamander. The first "Fantastic Beasts" film earned $234 million domestically and more than $800 million worldwide. The second film, "The Crimes of Grindelwald," came up short at the box office compared to both the first film and the "Harry Potter" franchise, grossing $159 million domestically and $654 million worldwide. 

‘Fantastic Beasts 3’ gets release date after production delay

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