This is what we found on Wikipedia regarding the Direct from Graceland: Elvis the Exhibition:

Elvis is a 2022 epic biographical drama film co-produced and directed by Baz Luhrmann, who co-wrote the screenplay with Sam Bromell, Craig Pearce, and Jeremy Doner. It chronicles the life of the American rock and roll singer and actor Elvis Presley under the management of Colonel Tom Parker. It stars Austin Butler and Tom Hanks as Presley and Parker, respectively, with Olivia DeJonge, Helen Thomson, Richard Roxburgh, David Wenham, Kodi Smit-McPhee, and Luke Bracey in supporting roles.

A biographical film about Elvis Presley was first announced in 2014, with Luhrmann set to direct, but the project languished in development hell until early 2019, when Hanks joined the film. Butler was cast in the title role that July, beating out several other actors including Miles Teller and Harry Styles. Filming began in Australia in January 2020 but was put on hiatus in March after Hanks tested positive for COVID-19 at the onset of the pandemic. Production resumed in September, wrapping in March 2021.

Elvis premiered at the Cannes Film Festival on May 25, 2022, and was released in Australia on June 23 and in the United States on June 24, by Warner Bros. Pictures. It was a commercial success, grossing over $288 million worldwide against an $85 million budget. It also received generally positive reviews from critics, with Butler's performance garnering widespread critical acclaim. The American Film Institute named Elvis one of the top-ten films of 2022. Elvis received eight nominations at the 95th Academy Awards, including Best Picture and Best Actor for Butler, among numerous other accolades. A stage adaptation, with Luhrmann attached as a producer, is in development.