The cast already includes John Boyega, Karen Gillan and Patton Oswalt.
The 2013 book tackled privacy in the digital age and tells the story of a young woman (to be played by Watson) who is rising through the ranks of the Circle, a tech conglomerate that believes privacy is an outdated idea and seeks to open up people’s lives with its devices.
In his first movie since Boyhood, Coltrane will play Watson’s ex-boyfriend, who tries to go off the grid and under the radar of the Circle’s technology.
Hanks, who is playing one of the founders of the company, is producing via his Playtone production banner with his producing partner Gary Goetzman. Also producing are Likely Story’s Anthony Bregman and the producing duo of Walter Parkes and Laurie MacDonald.
CAA arranged financing for the picture, which is shooting in and around Los Angeles, and is repping domestic rights along with UTA.
Coltrane had done some work in features, but it was the decade-spanning work in Boyhood that earned him, and the movie’s cast, raves. Director Richard Linklater shot the movie in spurts from 2002 to 2014 as he tracked the growth of a boy, played by Coltrane, as he grew from age six to age 18.
The movie was nominated for six Academy Awards, winning for best supporting actress for Patricia Arquette. It also won a Golden Globe for best motion picture (drama), among a host of other prizes.
Coltrane is repped by UTA and Cinetic Management.