According to Deadline, the streaming service is in the process of securing the international distribution rights for the film, which was previously scheduled for a January 1, 2021 UK cinema release.
However, Universal still intends to give the film a theatrical launch in the US with plans for it to be released in cinemas on Christmas Day (December 25).
The film is directed by Paul Greengrass, who previously worked with Hanks in 2013 on the Oscar-nominated drama Captain Phillips.
Based on a book by Paulette Jiles, News of the World looks at the life of Civil War veteran Captain Jefferson Kyle Kidd (Hanks).
While on his travels, he meets a 10-year-old girl named Johanna (Helena Zengel), who was taken from her family many years ago. Together they try to find a way to get Johanna home to her birth family, unaware of the challenges that they face ahead.
This marks a new genre for Hanks, as it's his first role in a Western. Speaking previously, he said: "I love listening to a great story as much as I like telling one, and that's why I was so excited about playing Captain Jefferson Kyle Kidd.
"He is a storyteller, he is driven, emotional, he is noble, and he is moved by the pursuit of the truth. Kidd wanted to communicate an authentic worldview to his audiences because he knew that, along with education and entertainment, the powers of enlightenment could be exchanged in the news readings that he gave."
News of the World will still be eligible for the BAFTAs under the Netflix release, with the shift in distribution coming as the film industry tries to find ways of sharing content during the coronavirus pandemic.
News of the World will be released on December 25 in the US, while a new international release date is yet to be announced.
Digital Spy has launched its first-ever digital magazine with exclusive features, interviews, and videos. Access the latest edition witha 1-month free trial, only on Apple News+.
Interested in Digital Spy's weekly newsletter? Sign up to get it sent straight to your inbox – and don't forget to join our Watch This Facebook Group for daily TV recommendations and discussions with other readers.
You Might Also Like