The Oscar nominated "Hotel Rwanda" star will also produce the Davis film through Crescendo Prods., the shingle he's formed with Kay Liberman and Lenore Zerman.
The script is being written by Stephen J. Rivele and Chris Wilkinson ("Nixon"). Darryl Porter of Miles Davis Properties will produce, apparently suggesting the involvement of Davis' estate.
Davis, who died in 1991, is considered one of the most influential jazz musicians from World War II on. His seminal recordings include "Sketches of Spain," "Kind of Blue" and the paradigm shifting "Bitches Brew."
Cheadle is being honored at ShoWest as male star of the year and he announced a busy upcoming slate, according to Variety. Crescendo is producing the political thriller "Traitor," the comedy "Quest to Ref" and the dramas "Broken Adonis" and "Marching Powder."
The exact timetable on those projects seems a bit unclear, given Cheadle's always busy slate. The actor has "Reign Over Me," "Ocean's Thirteen" and "Talk to Me" set for release by July.