#Sinkhole: Jordan Peele & Issa Rae Team For New Film

As fans anxiously await Jordan Peele‘s forthcoming projects ‘Candyman’ and ‘Lovecraft Country,’ the Academy Award winner is already eyeing his next project and is teaming with fellow actor-producer-director Issa Rae to bring it to life.

Details inside:

‘Sinkhole,’ starring Rae, is a movie based on a short story by Leyna Krow. Also signing on to produce the flick with Montrel McKay and Sara Rastogi through her Issa Rae Productions banner, the story tells of “a young family moving into their dream home, which has a gaping sinkhole in the backyard with the mysterious power to take broken and destroyed things and make them perfect.”

It’s been reported Universal Pictures and Monkeypaw Productions — the latter of which has a five-year exclusive deal with Universal— won the rights to ‘Sinkhole’ after an extremely competitive bidding war.

The news arrives this week as Rae’s Insecure received eight total Emmy nominations from the Television Academy, including for Comedy Series and Rae’s Lead Actress in a Comedy performance.

Click here to see the full list of nominees.

[main photo source: Getty Images]