The biopic, which is penned by Kelly Marcel (the "Fifty Shades of Grey" scribe who is also on board for Joe Wright's "Little Mermaid" adaptation), also stars Paul Giamatti, Colin Farrell and Jason Schwartzman.
Early buzz on the film is upbeat. Disney has set its release date for prime Oscar season: December 13 limited, and December 20 wide.
In that vein, Hancock is the writer-director of "The Blind Side," which won Sandra Bullock an Oscar for Best Actress in 2010. Hanks can also be seen this fall in another award-season entry, Paul Greengrass' maritime thriller "Captain Phillips."