SnitchSeeker is reporting that CEO of Warner Bros. Entertainment Kevin Tsujihara announced some exciting news about Fantastic Beasts and Where To Find Them in a Time Warner Investor Meeting today. The exciting news:

• It will indeed be a trilogy, in the least (as we previously reported) to be released in 2016, 2018 and 2020. This means we may get more than 3 films if the first 3 do well.
• David Yates will direct as was speculated back in August
• David Heyman will produce (as we reported last year)

And, for those of you that missed it, J.K. Rowling revealed a small synopsis for the films through Twitter last week: Newt only meant to stay in New York for a few hours. Circumstances ensured that he remained…

Update: There is now a press release, the relevant section may be read below:

The Studio will release three pictures, in 2016, 2018 and 2020, based on best-selling author J.K. Rowling’s original story and screenwriting debut, “Fantastic Beasts and Where to Find Them.” Set in an extension of her familiar wizarding world, featuring magical creatures and characters inspired by Harry Potter’s Hogwarts textbook and its fictitious author, Newt Scamander, “Fantastic Beasts” will be directed by David Yates, who directed the last four Harry Potter movies, and reunite the filmmaking team of David Heyman, J.K. Rowling, Steve Kloves and Lionel Wigram.