May 23 (UPI) -- Filmmaker and comedian Jordan Peele's next movie with Universal Pictures will hit theaters in a little less than two years.
The project, listed as an untitled social thriller, is set to arrive in theaters on March 15, 2019, Deadline reported.
The release date comes after Peele signed a two-year, first-look deal with Universal Pictures following the success of his film Get Out. The deal gives the studio the first opportunity to produce or distribute films made and produced by Peele and his production company, Monkeypaw Productions.
Peele will be write, direct and produce the project based on his original vision. The new film is said to have a budget five times larger than the one used on Get Out, according to The Hollywood Reporter.
Get Out, which tackled themes of racism, was a critical and commercial success grossing more than $194.5 million worldwide.
Peele will also partner with Universal to co-produce several micro-budget projects with his Get Out collaborator Jason Blum and his company Blumhouse Productions.