Elijah Wood will play the lead, with a script written by Eric Schmid.
This Is That Corporation and Traction Media are executive producing, with Traction representing North American rights.
The deal was negotiated with Becker's Jonathan Page, Ted Hope for This is That and Doug Stone and Maren Olson for Traction.
Becker's Iain Canning said: 'I have been actively looking for a film like The Passenger to add to our Cannes slate. Nick and Eric's script side-steps every biopic cliche offering international distributors something unique, very much like Iggy Pop himself.'
Gomez added: 'Elijah Wood is a fantastic actor and his transformation will be spellbinding and certainly career defining.'
Control's Cannes slate also includes Anton Corbijn's Control, the Ian Curtis biopic opening Directors Fortnight.
Traction's Olson added: 'Becker International's passion for the material and for Nick's vision, as well as their experience with Control and other musically driven films, make them an ideal international sales agent for The Passenger. We have been impressed with Iain and Jonathan Page's approach to the film and look forward to working with them on the project.'