Directed by Top Gun: Maverick‘s Joseph Kosinski and produced by Top Gun: Maverick's Jerry Bruckheimer, the film will also see Brad Pitt star as a former driver getting back behind the wheel.
Pitt will co-star alongside Banshees of Inisherin's BAFTA winner Kerry Condon, who will play the F1 team's techinal director.
British driver Lewis Hamilton will help to produce this film alongside Bruckheimer.
“I am focused on making sure the script is where it needs to be, and making sure we have a great and diverse cast”, Hamilton said when speaking about the film last week.
On Joe Kosinki’s role, Hamilton also added, “Joe’s focus is to make sure we are as embedded into this sport as much as possible and it is current, and for me it is to make sure that it is authentic, and that it is believable, and also to provide a view of racing from a different perspective than you might see on TV”.
“I am spending a lot of time right now helping Joe and the team get the script right, and that is an amazing process and something I am really enjoying”.
It has also been reported that Apple have purchased the rights for the move, with a budget reportedly worth $140 million.