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The film, which will be available on Netflix from 24 December, comes from director Adam McKay who is also responsible for The Big Short, Vice, Step Brothers and the Anchorman movies.
Don't Look Up has a star studded cast (aside from those in the first paragraph) which also includes: Rob Morgan, Mark Rylance, Tyler Perry, Timothée Chalamet, Ron Perlman, Ariana Grande, Scott Mescudi, Himesh Patel, Melanie Lynskey, Michael Chiklis, Tomer Sisley, with Cate Blanchett and Meryl Streep.
The film will tell the story of a pair of astronomers who embark on a mission to warn the world about an approaching comet that threatens to destroy the planet.
Despite the film dropping on Christmas Eve it will have a limited cinematic release on 10 December for those too eager to wait (or too busy waiting for Santa on the 24th).
The two main characters are played by DiCaprio and Lawrence, with Streep featuring as the President of the United States.
McKay gave an interview to Entertainment Weekly outlining how he managed to get Lawrence to sign on the dotted line, saying: "I've known Jennifer for a good while now.
"One of the first meetings she ever took in Los Angeles was with me.
"She is a massive fan of Step Brothers. I've been a giant fan [of hers] since she first came on the scene and she just straight up makes me laugh. So I wrote this role for her.
"She was the first actor in."
After J-Law came on board, Leo followed suit. McKay continued: "Leo was interested and then the pandemic hit.
"So we used lot of the time during the pandemic to just go through the script, talk about his character. He's really smart, he really knows movies, he knows movie history, he understands characters, and it was very enjoyable."
For his part, DiCaprio said: "Adam has an unparalleled ability to spark conversation with humour and timely stories.
"I knew when I read his script that it was incredibly unique, as it struck an important chord concerning the modern world we live in.
"Adam has woven an incredibly timely message about society, how we communicate, our current priorities, and the climate crisis into an absurdly funny yet important movie."
Don't forget, Don't Look Up will be available in cinemas from 10 December and on Netflix from 24 December.
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