The movie will be helmed and written by Robert Budreau, while Scott Aversano and Will Russell-Shapiro serve as executive producers, reported Deadline.
"Stockholm" is inspired by a true criminal event that happened more than four decades ago, which was documented in Daniel Lang's New Yorker article. In 1973, a bank heist occurred in Stockholm, and the hostages, who became bonded with the robbers, eventually turned against authorities.
Hawke, who was nominated for Oscar for his role in "Boyhood", previously teamed up with Budreau in the Chet Baker biopic "Born to be Blue".