Jordan Peele just signed a two-year contract with Universal Pictures.
“Get Out” not only broke records but it’s breaking bank for Jordan Peele.
The filmmaker, whose original story has proven to be a mega-hit at box offices earlier this year earning $194.5M worldwide, has secured a home for his next social thriller in the series with Universal Pictures in a first-look production agreement.
Under the agreement, Peele will write, direct, and produce a variety of films for the studio, namely the next social thriller which will have a budget nearly five times that of “Get Out” according to The Hollywood Reporter.
Under the two-year deal, Universal stakes a claim to Peele’s next film, an untitled social thriller that he will write, direct and produce. That project is looking to have a larger canvas than Get Out as the budget will be about five times bigger than his low-budget movie Peele made with producer Jason Blum.
The deal comes as nearly every studio had been chasing to work with Peele, who wrote and directed the breakout thriller released in February that became a cultural phenomenon thanks to its creative way of tackling racial issues. The movie, which Universal released, has grossed over $194 million worldwide and was made a budget of about $5 million. The studio moved swiftly and aggressively to bring the actor-filmmaker into the fold.
“Through extraordinary imagination and fearless humor, Jordan has proven himself to be a game-changer who is driven to tell stories that are as commercially entertaining as they are disruptive and provocative,” said Universal chairman Donna Langley. “The entire Universal family takes great pride in his incomparable filmmaking debut, and feel fortunate that this studio will be Jordan’s home for many years to come.”
While the deal also calls for Peele to produce a wide range of projects, a very key aspect of the pact is Peele producing projects with the aim of giving a voice and opportunities to those traditionally under-represented in front and behind the camera, be it gender, race or sexual orientation. He will also reunite with Blum on micro-budget projects.
Peele is looking at the deal as a way to continue the work begun on his Emmy Award and Peabody Award-winning Comedy Central series Key and Peele and then in Get Out, creating awareness of social issues while wrapping the themes in a blanket of entertaining comedy or horror thriller or other genres.