'The Conjuring' creators are developing a new horror series based on a familiar story

Paranormal investigators Ed and Lorraine Warren's case files have provided the inspiration for some of the most disturbing horror movies in recent years, including Annabelle and The Conjuring.

Now, the creators of The Conjuring have announced that they are developing a new horror series based on a similar story.

Set in New Orleans' notorious LaLaurie Mansion, which fans of American Horror Story will recognize as the setting of the majority of Coven's events, it's said to be one of the most haunted buildings in the world.

This is because of its 19th-century owner, Madame Delphine LaLaurie, a socialite and serial killer portrayed by Kathy Bates in AHS.

While hosting parties for the who's who? of the day, unbeknownst to them, she tortured and killed slaves in the house entirely for her own amusement.

Legend has it that her bloody secret was revealed to the world in 1834 when a slave who had been chained to a stove escaped and set fire to the mansion. When locals and firefighters arrived to tackle the blaze, they discovered the horrors of Madame Delphine's actions on the third floor of the house.

Following the discovery, Madame Delphine is said to have used her wealth to enable her and her family to flee to Paris and, just like the even more notorious serial killer Jack the Ripper whose identity remains a mystery to this day, she was never brought to justice for the killings.

Nicolas Cage subsequently bought the house in a bid to write the next great American horror novel there, but according to Vanity Fair, he "didn't get too far with the novel".

Doug McKay of Faster Horse Pictures, who is partnering with the Hayes brothers on the project, said to Deadline of the LaLaurie Mansion: "The LaLaurie Mansion is as scary a place as there is in the world and we won't hold back in giving audiences the full effect. Chad and Carey will have their hands full, but they are true masters in cinematic retellings of disturbing material.

"We wouldn't want this diabolical material in the hands of anyone else."

"We love writing films in which we get to tell true stories - incorporating moments that people can look up and discover did in fact happen," the Hayes brothers said.

"With the LaLaurie House we get to do exactly that. There is a wealth of documentation of a very dark and frightening past of true events. Not to mention that after spending some time there, what we personally experienced was truly unnerving."