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“Don’t Look Up” centers around two low-level astronomers who embark on a media tour to warn humankind of an approaching asteroid that will destroy the planet.
McKay, who has written the film, said he is “thrilled” to collaborate with Lawrence.
“I’m so thrilled to make this movie with Jen Lawrence. She’s what folks in the 17th century used to call ‘a dynamite talent’.
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McKay will also produce under his Hyperobject Industries banner with Kevin Messick.
Principal photography is expected to begin in April. Lawrence will also be seen in “Mob Girl”, which she is also producing.