WATCH: Taron Egerton's performance of "Rocket Man"

A new version of the classic 1972 hit, "Rocket Man" has been released to tease the upcoming Elton John biopic.

Taron Egerton performs the song and also stars in the epic musical fantasy about Elton’s breakthrough years. It follows the transformation of shy piano prodigy Reginald Dwight into international superstar Elton John. The story is set to Elton’s biggest songs and tells the behind-the-scenes tale of how a small-town boy became one of the most iconic figures in pop culture.

Egerton sings all of the songs on the movie's soundtrack as well, which is available for pre-order. Elton is quoted in a press release about the soundtrack: “It was so important that the music I composed and recorded had to be sung by Taron. I wanted his interpretation of me, through Bernie’s lyrics & my music – not just acting. I didn’t want to be in Taron’s shadows, watching over the process, I trusted them to do what they needed to do, artistically, and listening back I’ve been astonished with the results. Getting the music right was the most important thing, as the songs in the film are integral to the story.”

Rocketman was co-executive produced by Elton John and hits North American theatres on May 31st from Paramount Pictures.

Click here to watch the complete official music video: