It seems that those rumors have now been confirmed. The LA Times is reporting that Warner Bros. will announce today today that they plan to split Harry Potter and the Deathly Hallows, J.K. Rowling’s seventh and final “Potter” novel, into two films – one to be released in November 2010 and the second in May 2011.

The two movies will actually be filmed at one time like one movie so David Yates will be the director for both of them. These films will mark his third and fourth times behind the lense of a Potter film after directing both Harry Potter and the Order of the Phoenix and Harry Potter and the Half-Blood Prince which is being finished up for a November 21 release. The titles for the two new films will be simply Harry Potter and the Deathly Hallows: Part I and Harry Potter and the Deathly Hallows: Part II.

Alan Horn, president and chief operating officer of Warner Bros. said Wednesday that “it would have been a disservice” to downsize “Deathly Hallows” into one film.

“This way, we have an extra hour and a half, at least, to celebrate what this franchise has been and do justice to all the words and ideas that Jo has put in the amazing story,” Horn said. “This is the end of the story too. We want to celebrate it. We want to give a full meal.”

Author J.K. Rowling has reportedly already given her approval for the split.