The film will follow the Godfather of Soul's journey from poverty in North Carolina to becoming one of the most influential black artists in history. The iconic musician died of congestive heart failure in late 2006.
Here is what the front-man for the Rolling Stones had to say about joining the project.
"It's a great honor to be involved with a project as rich as the story of the legendary James Brown. He was a mesmerizing performer with a fascinating life."
Tate Taylor made his debut with Pretty Ugly People and is best known for helming The Help.
No production schedule has been released for this project.