Hemsworth himself will be on board to produce too, as will Eric Bischoff.
The story will be Hulk's origin story, from Terry Bollea, his rise to fame and fortune through the 80's with WWF (now WWE, World Wrestling Entertainment).
The actor is best known for his role as Norse god Thor in the Marvel flicks. Altogether, on WWE, he took home six championship titles, becoming a Hall of Famer in 2005.
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The film is reportedly close to finalizing a deal with Netflix to get a release on the streaming service.
The wrestler will act as consultant on the movie as well as executive producer. It will also reunite Phillips with Scott Silver, who wrote the upcoming DC comic movie starring Joaquin Phoenix.
Phillips has his name attached to films such as War Dogs and The Hangover trilogy.
That project would also include a young Hulk Hogan, which is another interesting parallel with this project.
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Chris Hemsworth is set to portray wrestling legend Hulk Hogan in a biopic for Netflix that could drive Hulkamaniacs wild. A potentially entertaining and engaging story nonetheless, but one which we all know has a significantly less satisfactory ending than will likely be presented even considering the proposed scope of the story.
While the casting idea of having Thor play the Hulkster came as a surprise to some, Hogan himself pitched the idea for Hemsworth back in 2013. "We need a serious, serious actor that knows what he's doing", Bollea said. I'm sure this movie will be good, but how can you not focus on the Gawker lawsuit?
Too different: Hulk, right became perhaps the biggest star in WWE's five-decade history.
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