According to 'The Hollywood Reporter' the new drama is slated for six seasons, with the first season due to air sometime in 2013. Each season will be comprised of 10 to 12 hour-long episodes, with a budget of around $35-40 million per season.
Steeped in religious folklore from ancient times to the 21st century, 'American Gods' will be executive-produced by Gary Goetzman and Hanks, with Bob Richardson and Gaiman onboard as executive producer and writer.
Producers promise that it will be effects-heavy to do justice to the awe-inspiring power of the divine beings involved. "There are some crazy things in there," said Goetzman. "We'll probably be doing more effects in there than it's been done on a television series."
The Hugo and Nebula Award-winning novel 'American Gods' was first published in 2001, and is based on the central premise "Are you a god if no one believes in you?" Exploring the idea that gods and mythological creatures exist only because people believe in them, and that immigrants populated the U.S. with elves, leprechauns and other spirits and gods from their Old Worlds, it imagines what happens to these beings when belief in them wanes.
In Gaiman's world, new gods have arisen to take their place. Instead of nature or war deities, new gods have been created who reflect modern America's obsessions with media, celebrity, technology and drugs. 'American Gods' follows an ex-con named Shadow who finds himself embroiled in a battle between the classic mythological deities who have now largely been forgotten, and the "new" American gods to whom people's attention has shifted.