(Photo: Scott Barbour/Getty Images)

Simon Pegg and Nick Frost are returning to TV, as Variety reports that the Cornetto trilogy stars are developing the first series to be produced by their recently founded Stolen Picture company. Pegg and Frost have collaborated since their days on Channel 4's Spaced, where they first hooked up with Edgar Wright, who directed Shaun Of The Dead, Hot Fuzz, and The World’s End. But the duo’s output has mostly ended up on the big screen—until now.

According to Variety, Pegg and Frost are behind Truth Seekers, a half-hour horror-comedy about a team of paranormal investigators. (This is not to be confused with Taika Waititi and Jemaine Clement’s What We Do In The Shadows spin-off, Wellington Paranormal.) Pegg says Truth Seekers, which is expected to have a monster-of-the-week angle, will “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.” He cites the popularity of Shaun Of The Dead, which “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.”

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As for why they decided to commit to a full TV series, Frost says “in terms of where the money is being made, and creatively, making episodic television is now no less nourishing than a two-hour movie.” And in other Pegg-Frost horror-comedy news, Slaughterhouse Rulez is already in post-production. Pegg tells Variety his upcoming film is “very satirical, very much about the U.K. selling itself off.”