Speed Racer marks the Wachowski brothers' first writing/directing collaboration since The Matrix movies. Joel Silver, who previously worked with the Wachowskis on The Matrix movies and V For Vendetta, is producing the film under his Silver Pictures banner.

The film stars Emile Hirsch as Speed, Christina Ricci as Trixie, Matthew Fox (TV's Lost) as Racer X and Susan Sarandon and John Goodman as Mom and Pops Racer. Rounding out the main cast are Australian actor Kick Gurry as Sparky; Paulie Litt as Spritle; Roger Allam as Royalton; and Asian music star Ji Hoon Jung (popularly known as Rain), making his major feature film debut as a rival driver. Based on the classic series created by anime pioneer Tatsuo Yoshida, the live-action Speed Racer will showcase the kind of revolutionary visual effects and cutting-edge storytelling that have become the benchmarks of the Wachowski brothers' films.