Jonathan Glickman, president of MGM's Motion Picture Group, announced the deal on Tuesday.
"We're thrilled to be working with Jon and all the folks over at MGM and look forward to a long successful partnership," Clooney and Heslov said.
The series stars Clooney, Christopher Abbott, and Kyle Chandler. Smokehouse's upcoming projects include Hulu's "Catch-22," based on Joseph Heller's seminal novel of the same name, debuting on May 17. Clooney and Heslov serve as executive producers on behalf of Smokehouse Pictures and directed two episodes each for the series.
The pic will be written by Keith Bunin, based on veteran journalist Alex Pappademas' Epic magazine article "Saint John." The first film under the new deal will center on motoring engineer and designer John DeLorean, with Clooney set to direct the movie with the possibility of playing DeLorean.
"Smokehouse has an undeniable pedigree, representing the high quality and entertaining slate of talent we look to work with as we expand the MGM slate." "We are thrilled to bring George, Grant, and their spectacular team into the MGM family," Glickman said.
They also produced best picture winner "Argo," along with "The Ides of March," "Suburbicon," "Money Monster," "Our Brand Is Crisis," "The Monuments Men," "August: Osage County," and "The American."” /> Smokehouse films include "Good Night, and Good Luck," for which Clooney was nominated for a best director Academy Award.
MGM has signed a two-year, first-look deal with George Clooney and Grant Heslov's Smokehouse Pictures.