The film will tell the story of the epic partnership between the legendary pop stars during the 1970s in West Berlin. The collaboration produced Iggy Pop's "The Idiot" and "Lust for Life" and David Bowie's "Low." These are regarded as their best albums to date.
Death of a President director Gabriel Range is producing and directing from a script provided by Robin French.
Egoli Tossell said this about the project in a recent statement.
"Lust for Life is not a traditional rock biopic, for no one dies at the end."
No production schedule has been released.