Produced by Fuller Theological Seminary, the film tells the story of Bono and Peterson's friendship and features a discussion about the Psalms.
Bono first endorsed Eugene Peterson's translation of the Bible in an interview with Rolling Stone magazine in 2002. He said The Message "has been a great strength to me". Peterson and Bono met for the first time in 2009 at the Dallas date of U2's 360 tour.
The short film, which can be viewed on YouTube, was shot at Peterson's house in Montana, USA in April 2015. The roundtable discussion also features David Taylor, associate professor of theology and culture at Fuller.
Taylor, who produced the film says, "Our hope is that as a result of watching the film, people will be curious or inspired to read the Psalms themselves and to discover this remarkable book of poetry in Holy Scripture that has captured Bono and Eugene's imaginations".
In the film Bono describes himself as "an opera singer" and admits he's often "suspicious" of Christians because there's a "lack of realism". The award winning rock star contrasts this attitude with the writers of the Pslams who "are vulnerable to God" and "honest".
"I would love if this conversation would inspire people who are writing these beautiful gospel songs, write a song about their bad marriage [or] about how they're p***** off at the government.
"Because that's what God wants from you. The truth. That truthfulness will blow things apart."