Nothing actually to do with Rita Hayworth, the film will see Banks playing pioneering conflict photographer Caroline Baker (not to be confused with the real life fashionista behind Nova magazine). In what sounds like a take on John Boorman's classic Hell In The Pacific (1968), Banks' Baker gets shot down over a Pacific Island (presumably during WWII, given the era suggested by the title) and gets marooned with only a Japanese soldier for company. Over a long 30 years they go from being enemies to reluctant allies facing their predicament together.
"I'm very excited to be working with Elizabeth... on this beautiful story of shared humanity and its triumph over fear and isolation," says Graf.
Further deals are already underway, with filming pencilled in for the spring of next year. News of who will play the Toshiro Mifune to Banks' Lee Marvin will no doubt follow shortly.
Banks, meanwhile, is currently on our screens in Francis Lawrence's The Hunger Games: Mockingjay - Part 2.