Can we draw the following hypothesis from the context? 

Context:

Volcano, I'm Still Excited!! was an American indie rock band from Brooklyn, New York (originally from Austin, Texas). The band's name (which has been described as "ludicrous") was reportedly inspired by the Tom Hanks film "Joe Versus the Volcano", though the band has never revealed the inspiration for the name.

Hypothesis: Tom Hanks had a film that inspire the band's name
Yes