Actor Elijah Wood is indulging his love of horror movies by setting up a production company dedicated to making scary films.

The Lord Of The Rings star has teamed up with producer Josh C. Waller and writer Daniel Noah to form The Woodshed, an independent production company focusing on frightening features.

Wood admits he decided to create the firm to help bring more horror movies to cinema-goers.

He tells, "I’ve been a fan of horror and genre cinema in general since I was a child and have become increasingly passionate about the idea of there being a space in which horror films that take their subject matter and characters seriously could be produced. What was born out of a conversation of our mutual love for the genre and what we felt was lacking in a broad sense, especially from the U.S. market, became The Woodshed.”

Wood's production company is currently working on a number of creepy titles including zombie movie Curse The Darkness and paranormal thriller Henley.