Comedy favourites Simon Pegg and Nick Frost are set to collaborate once again on a brand-new horror-comedy TV series.

Returning to the medium they started out in with shows such as Spaced, the Shaun of the Dead team are now working on a new show called Truth Seekers.

Made under their new banner Stolen Picture, the show will follow a three-person paranormal investigation team and each episode will focus on a different paranormal incident they investigate.

Chris Pizzello/Invision/AP

"Each episode is going to be an adventure, a potential haunting or something," Pegg told Variety. "It'll start as a very parochial idea, a very small business venture for these people, but it will expand as the series goes on to be something far more global.

"It's a language everyone understands, the mystery of the unknown. Shaun of the Dead was a very parochial story set in North London and somehow it managed to get this global reach because everyone understands the language of zombie movies."

This isn't the only project in the works under Pegg and Frost's new company either, as the movie Slaughterhouse Rulez was announced in May last year.

They're also working on a movie about a fading double act who haven't spoken in decades, but reunite one last time.

"We'd like to do it as a two-hander and make it on a very low budget," Pegg explained. "We've had the idea for a long time, and we're going to write an outline and then improvise and make something, which is far looser than when we work with Edgar [Wright]… where every transition is so precise."

Universal Pictures

As well as Shaun of the Dead, the pair have also made a number of other comedy classics such as Hot Fuzz and The World's End, and have gone on to Hollywood success.

However, Frost explained that they're happy to make lower-budget work again to retain creative control, adding: "There's that trade-off.

"I'd rather have a lot less money and make a film or a TV series and have a great time doing it than put it through a million processes and people you don't know and you don't respect creatively."

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