The film stars Finn Cole, Asa Butterfield, Hermione Corfield, and Michael Sheen alongside Pegg and Frost.
The comedy-horror is directed by Crispian Mills from a script he co-wrote with Henry Fitzherbert.
Sony Pictures Releasing International has worldwide rights to distribute.
Credit: Ian West/Getty Images
It has also been announced that Stolen Picture will add Miles Ketley as CEO.
Ketley was previously COO at the independent production company Bad Wolf.
More than that, we hope to receive free Walkmans and a lifetimes supply of cassettes.
