Alan Horn: Deathly Hallows to be made into trilogy, final part coming in July 2013

Warner Brothers today announced that Harry Potter and the Deathly Hallows will be split into three parts. Parts 1 and 2 retain their November and July dates respectively, while Part 3 will hit theaters in July 2013. We spoke to a source at Leavesden Studios, who revealed: "We've got to be honest. When we started shooting Deathly Hallows, none of us wanted to stop. We experienced a fan-gasm. The book is simply amazing, and we love the people we work with. Each time we shot a scene we shot way too much extra footage because we loved the content so much. Before we knew it, we had enough content to fill three films." When the Potter production team shared this news with Warner Brothers, many higher-ups - most notably CEO Alan Horn - jumped on the opportunity to turn it into a three-part finale. One source at Warner Brothers' Burbank headquarters told us, "Mr. Horn got so excited when he heard about all the extra footage that he immediately jumped out of his chair, picked up his Looney Tunes commemorative pen, and started pretending to throw Avada Kedavra spells at other studio's headquarters he could see out his window. He knows that other studios are gonna hate this news." WB tells us that the reason Parts 2 and 3 have a 2-year delay in between them is due to the fact that they want the franchise to last longer. It also helps WB's bottom line.