Jordan Peele Signs First-Look Deal With Universal, Begins Bigger Budget ‘Get Out’ Follow Up

Jordan Peele will likely go down as the hottest filmmaker of 2017. His directorial debut, Get Out, was the talk of Sundance and then surprisingly became a massive hit in theaters, grossing nearly $200 million worldwide on a mere $5 million budget. Now, according to The Hollywood Reporter, Peele has gone with Universal (which put out Get Out) for a two-year first-look deal and is set on doing more of what worked with his first film. Here is what we know about the future of Peele’s career based on this announcement:

Is Peele still directing the Akira remake?

He was never officially on board the live-action version of Akira, and while he may have been in serious consideration for the gig, that could have just been one-sided on Warner Bros. executives part. Many studios had reportedly been chasing him post-Get Out and we can assume with Universal’s deal that Akira is not something he’ll be doing.

Does he have his next movie lined up?

Yes. Peele is now working on an untitled “social thriller” that he’s writing, directing and producing. The classification alone makes it sound like something similar to Get Out, though it will have substantially higher budget. THR says about five-times higher (so $25 million?). Through their new deal, Universal will have the first opportunity to release the movie if they like it. Or they can pass.

So Peele has moved on from being a low-budget filmmaker?

Not necessarily. While his next movie will be five-times more expensive, that’s still pretty small. As already mentioned, he’s not doing something like Akira or a superhero blockbuster just yet. Also, THR reports that Peele will continue to work with Get Out producer Jason Blum on “micro-budget” projects.

And will he continue to work with similar themes and casts as Get Out?

One of the things that made Get Out such a hit is that it’s got a unique take on race in America. THR reports, “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.”

And Peele adds: “I am thrilled to continue the work we started together on Get Out — pushing the boundaries of storytelling, not only on the next film but with all of Monkeypaw’s future projects.” THR elaborates that he means to create “awareness of social issues while wrapping the themes in a blanket of entertaining comedy or horror thriller or other genres.”