The story is based off a 2007 Wired magazine article, which details the intriguing plan hatched by the CIA, the Canadian government, and the movie industry to rescue six American hostages in Iran. The ploy involved convincing the hostage-takers that the hostages were actually crew members doing a location scout in Iran for a Hollywood movie entitled Argo. When the Iranians were convinced of these fake identities, the hostages, who were American diplomats, were allowed to leave the country.
Ben Affleck is directing Argo from a screenplay by Chris Terrio, which he adapted from the Joshuah Bearman Wired magazine article. George Clooney and Grant Heslov are producing through their Smoke House Productions banner.
No production schedule was given for Argo.