Mick Jagger will produce the forthcoming movie which focuses on Sam Phillips' life

Leonardo DiCaprio is confirmed to produce and star in a new biopic about Elvis Presley’s producer and the founder of Sun Records.

Sam Phillips started the Memphis record label in 1952 at Sun Studio. Presley made his first recordings there, including debut single ‘That’s Alll Right’.

Johnny Cash, Carl Perkins, Roy Orbison and more also released on the label.

The as-yet-untitled film will have DiCaprio play Phillips, while Mick Jagger will serve alongside him in a producing role similar to his involvement with HBO’s Vinyl, according to Deadline. The movie is based on the book Sam Phillips: The Man Who Invented Rock’N’Roll by Peter Guralnick.

Phillips, who also played an integral part of the 1956 Million Dollar Quartet session with Presley, Cash Perkins and Jerry Lee Lewis all playing together, died in 2003.

Meanwhile, earlier this week it was claimed that DiCaprio is set to remake classic ’90s kids’ show Captain Planet as a movie.

The Hollywood Reporter claims that Paramount have approached Jono Matt and Scream Queens star Glen Powell to write the script, after the rights to the show lapsed while Sony were working on a similar project.

Oscar-winning actor and environmentalist DiCaprio is heading up the project. The Titanic, Wolf Of Wall Street and The Revenant star is currently promoting new film Before The Flood, which sees him travel the globe to explore and reveal the true impact of global warming.