Since the release of 'The Wolf of Wall Street' last year, director Martin Scorsese has kept a low profile but it seems he will be shortly back to work on a documentary about the iconic rock band The Grateful Dead.

Marti nScorsese
Scorsese will produce a career-spanning documentary about the rock band

The legendary filmmaker is taking on the role of executive producer for a documentary in honour of the American group's 50th anniversary of their founding year, Deadline reports.

The currently untitled film, expected to feature unseen footage of the band's most successful years, will be made with the full support and collaboration with 'Grateful Dead' surviving members, and is expected to be released sometime next year.

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Experienced documentarian Amir Bar-Lev, whose work includes 'The Tillman Story' and 'Happy Valley,' will serve as director.

"Millions of stories have been told about the Grateful Dead over the years. With our 50th Anniversary coming up, we thought it might just be time to tell one ourselves and Amir is the perfect guy to help us do it," the band said in a statement. "Needless to say, we are humbled to be collaborating with Martin Scorsese."

"The Grateful Dead were more than just a band. They were their own planet, populated by millions of devoted fans. I'm very happy that this picture is being made and proud to be involved," Scorsese added.

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As the famed hippie scene was beginning in San Francisco Bay, 'The Grateful Dead' formed in 1965 in Palo Alto, California. The band experienced huge success over twenty years later with the release of the 1987 single "Touch of Grey,' and after a heavy tour schedule they developed a diehard group of fans known as 'Deadheads.'

Phil Lesh, Bob Weir, Mickey Hart and Bill Kreutzmann are the only surviving members.