Part one of the series is slated for release later in 2016. Watch the Netflix sizzle below:

Australian director Luhrmann is no stranger to musical theatre, having directed the film adaptation of "Moulin Rouge!" with Nicole Kidman, as well as La Bohème on Broadway. He recently helmed a film adaptation of "The Great Gatsby" with Leonardo DiCaprio and Carey Mulligan.

Along with Golden Globe winner Smits, the cast of "The Get Down" features Yahya Abdul-Mateen II, Mamoudou Athie, Skylan Brooks, Tremaine Brown Jr., Giancarlo Esposito (Seesaw, Merrily We Roll Along), Herizen F. Guardiola, Shameik Moore and Justice Smith.

Writers on the new series include Seth Zvi Rosenfeld, Nelson George, Radha Blank, Aaron Rahsaan Thomas, Sam Bromell, Jacqueline Rivera, Thomas Kelly and Tony-nominated playwright Stephen Adly Guirgis. Luhrmann is executive producer with Kelly, Shawn Ryan, Catherine Martin, Paul Watters, Marney Hochman and Guirgis.