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Steven Spielberg's next film is Bridge of Spies, and here's the first trailer

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Bridge of Spies is the final title of Steven Spielberg's next film, and you can watch the first trailer for the Cold War thriller from DreamWorks Pictures and Fox 2000 Pictures above.

Previously known under the working title St. James Place, Bridge of Spies stars Tom Hanks as James Donovan, the lawyer who negotiated the deal between the U.S. and the Soviet Union in 1962 to exchange imprisoned KGB agent Rudolf Abel for captured U-2 pilot Francis Gary Powers. The film is "inspired by" those true events, according to its official synopsis, and "captures the essence of a man who risked everything and vividly brings his personal journey to life."

Bridge of Spies is the first film Spielberg has directed since 2012's Lincoln. He is an executive producer on the upcoming Jurassic World, and his next projects include two book adaptations: Roald Dahl's The BFG and Ernest Cline's Ready Player One.

The 1960s thriller brings together Spielberg and the Coen brothers, who revised Matt Charman's original screenplay. Charman, Joel Coen and Ethan Coen are the three credited writers on the film. Hanks' co-stars include Mark Rylance as Abel; Amy Ryan as Donovan's wife, Mary; and Alan Alda as Thomas Watters, a partner at Donovan's New York-based law firm.

Bridge of Spies will hit theaters Oct. 16.