Every studio wants a piece of the profitable horror pie and it looks like Skydance is no exception. THR reports that Skydance is forming the brand new horror division Nocturna, and they’re partnering with Andy Muschietti & Barbara Muschietti (It, It: Chapter Two)!

THR notes in their report, “the Muschiettis will co-own the label and will run its creative direction. The focus of Nocturna will be on high quality, genre features for global audiences in both theatrical and streaming, with the goal of producing two films per year.”

The first project from the Nocturna team will be a film titled They Will Kill You, which has Kirill Sokolov (Why Don’t You Just Die!) on board to co-write and direct.

The site details, “They Will Kill You is described as a horror feature laced with the black humor that is Sokolov’s trademark, telling the story of a woman who answers a help wanted ad to be a housekeeper in a mysterious high-rise in New York City, not realizing she is entering a community that has seen a number of disappearances over the years.”

“Under this label, we are excited to deliver the full range of emotions that our movies pack: Heart, humor and horror,” the Muschiettis said in a joint statement tonight.

“Andy and Barbara are visionary filmmakers who have mastered the art of scary event movies that connect with global audiences, and David [Ellison] and I along with the entire Skydance team are thrilled to partner with them on the launch of Nocturna,” said Dana Goldberg, Skydance chief creative officer. “It’s fitting that They Will Kill You will be our first project as it perfectly encapsulates Nocturna’s mission of delivering unique and entertaining horror experiences that will live in the audiences’ nightmares for years.”

Russell Ackerman and John Schoenfelder will be running the Nocturna division.