The film is helmed by fellow Oscar winner Robert Jonathan Demme ("The Silence of the Lambs") and features a script by Diablo Cody, who also won an Academy Award for "Juno."
The soundtrack is also released Aug. 7 and features Rick Springfield, who appears in the film alongside Streep, as well as longtime Neil Young bassist, the late Rick Rosas, among other talents. To listen to audio clips from "Ricki and the Flash" and learn more about the film, visit RickiandtheFlashmovie.
The cast also features Sebastian Stan and Kevin Kline as well as Audra McDonald and Streep's real-life daughter, Mamie Gummer.
Watch the trailer below: