Mumbai, May 5 (IANS): "Betaal", Bollywood superstar Shah Rukh Khan's new web series as producer, is set for a May 24 release.

"Betaal" is a horror-thriller written and directed by Patrick Graham, who had previously directed "Ghoul". The show is co-directed by Nikhil Mahajan.

"The series has been shot extensively in India, especially in Mumbai, Lonavala and Khandala as it revolves around a fictional Indian folklore, the series will definitely be genre bending in terms of horror content with some incredible VFX and prosthetics work," said a source.

The project is a collaboration between SRK's Red Chillies entertainment, Netflix, SK Global, and Blumhouse Productions, the banner that is known for its Hollywood horror productions as "Paranormal Activity" and "Insidious".

The first ;ook of thr series has been unveiled.

"Here's 1st look of #Betaal, our upcoming horror-thriller web series, starring @ItsViineetKumar, @AahanaKumra & directed by #PatrickGraham, @iamnm. Produced by @RedChilliesEnt @gaurikhan @_GauravVerma, it premieres May 24 on @NetflixIndia @iamsrk @VenkyMysore @blumhouse SKGlobal," read a tweet by SRK's Red Chillies Entertainment.