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The Twilight Zone (1959-1964) remains the rare bit of classic TV that can hold up today. SyFy proves this annually with its traditional Twilight Zone New Years' marathon. So it shouldn't come as a surprise that CBS, which recently produced new series from established franchises like Star Trek and The Big Bang Theory, decided the time for a reboot has finally come.

Even the most reboot cautious among us have reason to be slightly optimistic about the Thursday announcement, however. According to The Hollywood Reporter, CBS has bestowed the iconic franchise to Monkeypaw Productions, the company founded by Get Out writer/director Jordan Peele. Like Star Trek: Discovery, the project has reportedly been tapped for the CBS All-Access streaming platform.

Fans know Peele from his excellent Comedy Central series Key & Peele, but the unabashed genre fan took Hollywood by storm with Get Out this spring. Done in the style of classics like the original Night of the Living Dead, the film artfully blended legitimately terrifying horror with smart social satire. It generated such buzz and adoration that Peele has become a go-to horror creator , and the Academy-watchers at Vulture currently predict the film will score a Best Picture nomination.

"[Get Out] has more than earned its place in the cult movie hall of fame," Ars' Tech Culture Editor Annalee Newitz wrote in her review. "You'll remember this little shocker a lot longer than you will the latest big budget flick to come out of the Hollywood meatgrinder this summer."

According to Variety, CBS stayed mum on details such as timelines during the conference call announcement. Along with Peele's involvement, Marco Ramirez (Daredevil, Fear The Walking Dead) is reportedly being tapped as showrunner.

Rebooting an iconic franchise doesn't come without risk. Though it could generate short-term interest from nostalgic fans, doing injustice to a beloved franchise can diminish the fanbase (ask Star Wars fans how they felt about the universe in the immediate aftermath of Jar Jar Binks, for instance). But based on early response to its Star Trek: Discovery streaming-only experiment , CBS evidently feels confident about its ability to deliver.

CBS previously said Star Trek: Discovery drove "record subscriptions" to its new streaming service (hence a swift second season commitment). Now with another iconic sci-fi reboot on deck, folks that took the plunge solely for the final frontier may indeed live long and prosper.