If you’re a New Yorker—and even if you’re not—you know the importance of CBGB in the world of music. A countless number of bands played and made their debut in the legendary music club—the Ramones, the Talking Heads, the Police, Misfits, the B-52’s, Pearl Jam, Dave Matthews, Tool, Joan Jett & the Blackhearts and more. On October 15, 2006, Patti Smith closed out CBGB’s last show, and the club was shut down. Fortunately, CBGB was reborn in the form of the 2012 CBGB Festival in NYC last July.

So it’s pretty clear why the Hollywood bigwigs decided to pick the rock club as the focus of a new film. CBGB will focus on the faces behind the club and the artists who were shaped there. Alan Rickman will play club owner Hilly Kristal, Malin Akerman will star as Debbie Harry, Rupert Grint as Cheetah Chrome, Kyle Gallner as Lou Reed, Joel David Moore as Joey Ramone, Mickey Sumner as Patti Smith and the Foo Fighters’ Taylor Hawkins of the Foo Fighters as Iggy Pop. The film will also feature music from Iggy Pop, Blondie, Joey Ramone, Patti Smith, Velvet Underground, the Police, Talking Heads, Television and Dead Boys. There’s no set release date for the movie yet, but it is supposed to open sometime this year. Also look out for 2013’s CBGB Festival, set for Oct. 9-13 in N.Y.