Coming off the news that it's popular drama series "Breaking Bad" will be getting its own spinoff series, "Better Call Saul," AMC has announced that it is in the initial stages of development on what it is calling a "companion series" to it's most popular hit "The Walking Dead."

The show's creator, who also wrote the comic series the show is based on, will executive produce the new spinoff series along with Gale Anne Hurd and David Alpert, according to Entertainment Weekly.

"After 10 years of writing the comic book series and being so close to the debut of our fourth, and in my opinion, best season of the TV series, I couldn't be more thrilled about getting the chance to create a new corner of The Walking Dead universe," said Kirkman in an announcement by AMC, who will also produce the series.. "The opportunity to make a show that isn't tethered by the events of the comic book, and is truly a blank page, has set my creativity racing."

It's unclear at the moment if some of the new characters that joined the survivors of the current series at the end of the third season will be the ones moving over to the new spinoff series or if it will take place in an entirely different part of the world. The Walking Dead has really only covered the zombie apocalypse in the state of Georgia. Perhaps Kirkman will explore northern areas of the United States or a more metropolitan area like New York City or Chicago.

"Building on the success of the most popular show on televison for adults 18049 is literally a no-brainer. We look forward to working with Robert, Gale and Dave again as we develop an entirely new story and cast of characters," said Charlie Collier, AMC's president and general manager. "It's a big world and we can't wait to give fans another unforgettable view of the zombie apocalypse."

The Walking Dead returns for its fourth season on October 13. The spinoff is currently aiming for a 2015 release date.

Tell us what you think, are you excited for another series to take place in Kirkman's zombie riddled world, or are you content with just the one? Comment and share your thoughts below.