It's an animated futuristic series called "Electric City." The series includes 20 episodes, each just three or four minutes long.
A formal announcement on plans for the series is expected at the International Consumer Electronics Show in Las Vegas this week.
The release of "Electric City" caps Hanks' efforts to find the right avenue for the project. He first tried to make the series using puppets.
The series is set in a seemingly peaceful city situated in a post-apocalyptic world. Many of its themes are socially conscious topics relevant to today, including energy consumption. It will be available in several languages, including Spanish and French. Along with producing, Hanks will voice a character.
For Yahoo, "Electric City" is its first entry into scripted original programming. Yahoo has been beefing up its online video with reality series and wrap-up news shows, many of which rank among the most-viewed series online.
The Associated Press contributed to this story.