While the film "Good News" is fictional, it takes its inspiration from the tragic life stories of contemporary artists such as Miller, who died of an accidental drug overdose in 2018.
"Colson Baker [Machine Gun Kelly's real name] is that rare talent who is ascending at an incredible pace both in film and music," Rob Paris, of producer Rivulet Media, says in a statement issued to Deadline.com.
"He is exactly the kind of artist that Rivulet Media is looking to partner with and we couldn't be more excited to support him on both fronts, especially with Tim Sutton's powerful screenplay and vision, which are custom tailored to Colson's formidable skills."
Production on "Good News" starts on July 8 in Los Angeles.
The "Bloody Valentine" singer previously played rocker Tommy Lee in the Motley Crue biopic "The Dirt". He also co-starred in "Project Power" with Jamie Foxx and "Bird Box" with Sandra Bullock. Upcoming projects include "The Last Son of Isaac Lemay" opposite Sam Worthington, and the lead in Andrew Baird's action thriller "One Way".
Kelly's music career is also red hot. His fifth studio album "Tickets to My Downfall" debuted at number one on America's Billboard charts and netted him an MTV Video Music Award and the 2021 Billboard Music Award for Top Rock Artist.