The show, in which filmmaker Get Out hosted and narrated the episodic anthology, ran for two seasons on CBS All Access.
The news was confirmed at ViacomCBS’s investor presentation ahead of the launch of the streaming service Paramount + next month.
“Jordan Peele, Simon Kinberg and the entire production team really reinterpreted The Twilight Zone for the modern age,” Paramount + program director Julie McNamara said in a statement to The Hollywood Reporter.
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“They confirmed the legacy of the classic socially conscious storytelling series and pushed today’s viewers to explore all new dimensions of thought-provoking and timely topics that we hope will resonate with audiences in the years to come.”
Peele’s Twilight Zone series starred Steven Yeun, Kumail Nanjiani, Rhea Seehorn, Sanaa Lathan, Adam Scott, Billy Porter, Jurnee Smollett and Chris Meloni.
However, the filmmaker has announced his next project and set a release date for July 22, 2022.
The film details, which are being kept under wraps, have already cast Hustler’s star Keke Palmer, while Daniel Kaluuya, who starred in Peele’s Get Out, is also in talks with the star.
Jordan Peele most recently directed the psychological horror film Us with Lupita Nyong’o. He will also produce a remake of Wes Craven’s 1991 horror The People Under the Stairs.