Sony also announced this morning that the film will be released on October 5, 2018 and production will start this fall.
The Venom role will mark Hardy's second time playing a villain in a superhero flick.
"Hardy's Eddie Brock is able to converse and have a relationship with the symbiote, which culminates to him becoming Venom".
The site also states that Zombieland's Ruben Fleischer will be directing.More news: Dead in Cargo Plane Crash at Yeager Airport
More news: New Shadow Brokers Message Teases Data From Nuke Programs, Windows 10 Exploits
More news: 1 firefighter killed, 2 seriously hurt in San Antonio fire
Venom will not be part of the Marvel Cinematic Universe, according to Coming Soon. In addition to appearing in the comics with Spider-Man, Venom has also been with Iron Man, Deadpool, Hulk, and many more Marvel characters. It is written by The Amazing Spider-Man 2's Jeff Pinkner, along with Scott Rosenberg.
With Hardy and Fleischer now aboard, Venom will lead what's expected to be Sony's own unique sliver of the Marvel universe - one that will feature other famous Spider-Man rogues, and may include a Black Cat and Silver Sable film.
The existence of yet another Marvel movie universe (the third live-action film universe following the X-Men universe and aforementioned MCU), certainly opens up some interesting questions, perhaps the most pressing of which is how Sony will handle the Spider-Man situation. Venom is reportedly meant to be an R-rated, sci-fi horror take on the classic Spider-Man villain, who was portrayed on screen by Topher Grace in the last installment of Sam Raimi's Spider-Man trilogy. The studio is eagerly aiming to make the film's 2018 release date.
Tom Hardy gave us a pretty memorable - and quotable - turn as DC Comics villain Bane. Avi Arad and Matt Tolmach are producing along with Amy Pascal, with Palak Patel and Eric Fineman overseeing for Columbia Pictures. A former writer for the Daily Globe newspaper in the comics, his career was destroyed after he published a series of stories debunked by Spider-Man.