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The film will revolve around the role of The Washington Post in publishing the infamous study about America’s accountability in the Vietnam War, according to The Hollywood Reporter.
While Hanks, 60, will portray the role of Post editor Ben Bradlee, Streep, 67, will play publisher Kay Graham.
“The Post” marks the first collaboration between the legendary actors.
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The script is penned by Liz Hannah, which was initially picked up by Amy Pascal to produce under her banner, Pascal Pictures.