Universal Pictures has entered into a five-year exclusive production partnership with Oscar winner Jordan Peele and his Monkeypaw Productions, who were behind the studio’s combined half-billion-grossing successes Get Out and Us.
The commitment continues to speak to the studio’s emphasis on a diverse film slate, not just branded IP like the Fast & Furious and Jurassic World franchises but also original, auteur-driven genre movies such as the titles for Peele has quickly established a track record. Under the new exclusive deal, Universal is developing Peele’s next two films which he will direct, write and produce. Peele and Monkeypaw, headed by president Win Rosenfeld, will also produce original films under their banner, championing filmmakers with a focus on high-level content that transcends genre.
Monkeypaw produced Spike Lee’s feature BlacKkKlansman last year which received six Oscar noms, with Lee winning his first-ever Oscar (for Adapted Screenplay) and earning Peele his fourth nomination in two years. Monkeypaw is currently in production on Candyman, written by Peele and Rosenfeld and directed by rising filmmaker Nia DaCosta (Little Woods). Universal is releasing Candyman globally, with the North American release date scheduled for June 12, 2020.
“Jordan has established himself as a premier voice and original storyteller with global appeal. He is leading a new generation of filmmakers that have found a way to tap into the cultural zeitgeist with groundbreaking content that resonates with audiences of all backgrounds,” Universal Filmed Entertainment Group chairman Donna Langley said Tuesday. “We also share an important goal with Monkeypaw when it comes to increasing representation on-screen in the characters that are portrayed, the stories that are told, and the people who tell them.”
Peele’s feature directorial debut Get Out was made for under $5 million and reaped more than $255M worldwide with an estimated profit after all ancillaries near $125M. The pic went on to receive four Oscar nominations including Best Picture and Director, with Peele winning for his original screenplay.
Peele’s sophomore film Us opened to $71.1M back in March, repping the highest-grossing opening ever for an original horror film and the highest-grossing opening for a live-action original since 2009’s Avatar.
Peele was the co-star and co-creator of the Emmy-winning Key & Peele. The hit series garnered more than 1 billion online hits and won a Peabody Award, an American Comedy Award and earned 12 Emmy nominations during its five-season run.
Peele and Monkeypaw Productions are represented by CAA, Artists First and Jared Levine.