The biopic follows Rudy Ray Moore, a famed blaxploitation actor who created the '70s character Dolemite. Murphy will take on the role of the late Moore, who died in 2008, while Snipes will reportedly portray D'Urville Martin, an "arrogant actor and alcoholic who ends up directing Dolemite." The rest of the actors' roles have yet to be revealed although most of them went to Twitter to share their excitement.
"Extra! Extra! Breaking News!!" read a tweet from Snipes.
"Secret’s out. Put it on your calendar folks," read a tweet from Burgess, who also stars in Netflix's Unbreakable Kimmy Schmidt.
Epps tweeted he's "Blessed to work with the best."
Randolph, who's known for a list of TV roles including Tanya in This Is Us, Yvonne Watson in People of Earth, and Poundcake in Empire, has yet to make a public statement on the announcement.
Craig Brewer, who directed Hustle & Flow in addition to eight episodes of FOX's Empire, will sit in the director's chair for the Netflix film.
Production will reportedly begin this week, with Dolemite Is My Name! set to arrive on the streaming platform in 2019.