Producer Benedict Carver (Bratz, Doomsday) has teamed with Hayter to create the company, which will develop "film, TV, Internet and video game projects in the action, sci-fi and horror genres," according to Variety.

The studio's first project will be "Demonology," a film about a student attending an international high school in Belgium. Hayter will write and direct the movie, which was influenced by his time spent in an international school in Japan.

"It's about an American kid who goes to one of these schools in Belgium, but it brings my own horrible experiences of school to life," said Hayter.