Formula 1 driver Lewis Hamilton has signed on to produce Brad Pitt’s upcoming racing film, which is set to premiere on Apple.
The seven-time world champion, 37, is teaming up with Pitt’s Plan B Entertainment, writer Ehren Kruger and producers Jerry Bruckheimer and Chad Oman of Jerry Bruckheimer Films for the untitled project, The Hollywood Reporter revealed Tuesday.
The film will be directed by Joseph Kosinski, who also directed the hit film “Top Gun: Maverick”.
The plot will center on the character of 58-year-old Pitt, a seasoned racing driver who comes out of retirement to mentor a promising young recruit.
The outlet reported that Kosinski came up with the concept for the film after meeting Hamilton through Tom Cruise while making this year’s “Top Gun” sequel.
Shortly after speaking with the Mercedes driver, Kosinski met with Pitt to convince him to sign as leader.
In December 2021, Apple reportedly beat out Netflix, Amazon and MGM to buy the film’s distribution rights.
The film will hit theaters for at least 30-60 days before becoming streamable on Apple TV+.
Pitt and his production company are expected to be paid between $40 million and $50 million for the project, sources said in the report.
Moreover, Kosinski and Bruckheimer could well win in the eight figures.
According to insiders, Apple and the filmmakers will split the theatrical release contribution 50/50. The creative team will be paid in three ways with an upfront fee, a hefty redemption fee, and the “theatrical” backend.
The heavily European-centric sport has been gaining popularity in the United States since Netflix’s “Formula 1: Drive to Survive” gained serious viewership in 2019.
The sport took the world by storm when hordes of celebrities and elites flocked to the first annual Miami Grand Prix in May.