It seems that M. Night Shyamalan is moving into the world of branded entertainment. Bloody-Disgusting is reporting that filmmakers Eric and John Dowdle (Quarantine) have come aboard to write and direct the first film in the Night Chronicles.

This will be a new film series in which Shyamalan will only produce and come up the idea for the films, where filmmakers like the Dowdle's will step in and do the actual writing and directing. Shyamalan will also pick the writers and directors as well.

The storyline for this first film isn't clear as of yet, but this new venture, with financier Media Rights Capital, is set for three years, for a new thriller to be put out each year.

We'll surely keep you posted on any details in this new Shyamalan film series.