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Sources say that Depp was not technically fired from the movie, instead having been asked to resign, due in part to the fact that his contract did not have any sort of standard "morality clause."

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Depp took to Instagram to announce the decision:

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"I'd like to thank everybody who has gifted me with their support and loyalty. I have been humbled and moved by your many messages of love and concern, particularly over the last few days.

"Secondly, I wish to let you know that I have been asked to resign by Warner Bros. from my role as Grindelwald in Fantastic Beasts and I have respected and agreed to that request."

It's not known what the next move would have been if Depp had refused to step down, but it is clear that he had no financial incentive, at least, to do so.