Rod Serling was the producer, main writer and host of the original series and wrote 92 episodes, leaving a lasting impression on American pop culture and the sci-fi genre.
The new series will not be the first time the series has been rebooted.
Peele and Simon Kinberg are about to enter a dimension as vast as space and as timeless as infinity.
"Kinberg, who is known for his work on the "X-Men" film franchise and "Sherlock Holmes" said, "'The Twilight Zone' was a touchstone in my life.
Hornets coach Steve Clifford taking medical leave
The Hornets (9-13) are third in the Southeast Division, three games behind Washington. The Hornets didn't give any further specifics out of respect for Clifford.
Mueller investigation cost $6.7 million within first five months
Since the probe began in May, the special counsel has charged four people, two of whom have pleaded guilty . Mueller's spending "is entirely reasonable given the results we've already seen", Sen.
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The original "Twilight Zone" aired on CBS between 1959 and 1964 and was known for using seemingly fantastical tales to comment on the issues of the day, such as McCarthyism and the threat of nuclear war.
CBS All Access has ordered a full series.
It has already been remade twice, broadcast from 1985 to 1989 on CBS and again between 2002 and 2003 on the cable channel UPN.
"The original "The Twilight Zone" bridged science-fiction, horror and fantasy together to explore human nature and provide social commentary in a way that audiences had never seen before", said Julie McNamara, Executive Vice President, Original Content, CBS All Access.
Right now, CBS All Access may only really have Star Trek: Discovery as their big ticket item, but that seems poised to change in the future.