Jordan Peele signs first-look deal with Universal

Jordan Peele, who is having time of his life after the success of his maiden directorial venture 'Get Out,' is in no mood to stop at all.

According to the Hollywood Reporter, Universal studio has signed Peele to a first-look overall production deal with his Monkeypaw Productions banner.

Under this two-year deal, Universal stakes a claim to the director's next film, an untitled social thriller that he will write, direct and produce.

The project will have a larger canvas than 'Get Out' as the budget will be about five times bigger than the low-budget movie Peele made with producer Jason Blum.

"Through extraordinary imagination and fearless humour, 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, adding, "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."

The deal comes as nearly every studio had been chasing Peele, who wrote and directed the breakout thriller released in February that became a huge success thanks to its creative way of tackling racial issues.

The movie, which Universal released, has grossed more than 194 million USD worldwide and was made on a budget of about 5 million USD.

The 38-year-old-actor turned director says he is thrilled to push the boundaries of storytelling.

"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," said Peele.

While the deal also calls for Peele to produce a wide range of efforts, a very key aspect of the pact is he will be producing projects with the aim of giving a voice and opportunities to those traditionally underrepresented in front of and behind the camera, be it gender, race or sexual orientation.

He also will reunite with Blum on micro-budget projects.