Emerson will begin working on the untitled film during his hiatus from CBS's Person of Interest, reports Deadline.
The actor will join a star-studded cast that includes Alec Baldwin, Cate Blanchett, Bradley Cooper and Bobby Cannavale.
Emerson previously appeared in ABC's series Lost as the villain Ben Linus.
In Person of Interest, Emerson plays a billionaire who recruits a former CIA agent (Jim Caviezel) to fight crime in New York City.
The freshman series will be back for a second run in the fall.
Watch a clip of Person of Interest below: