After the success of Jordan Peele’s directorial debut ‘Get Out,‘ the studio who picked it up and distributed it wants more. Universal Studios announced this week that they have signed a two-year, first-look deal with Peele.
What does this mean? Well, Universal will be first in line to produce, invest, and/or distribute films put out by Peele and his production company, Monkeypaw Productions.
In addition to that, Peele will produce a “wide range of films” via Monkeypaw for Universal. He’ll also be teaming up again with Blumhouse’s Jason Blum. The two previously worked together on Get Out.
Peele’s next film is expected to be another social thriller. He will write, direct and produce it. He’ll also be working with a budget that is five times bigger than the budget for Get Out.
This is a huge score for Universal. Almost all of the major studios were trying to seduce Peele, but obviously Universal had the upper hand because they got in early with Peele’s debut. It’s kinda like how you’ll always be attached (on some level) to the person who took your virginity.
Universal Chairman Donna Langley released the following statement:
“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. 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.”[mashshare]