Verschwende Deine Jugend

Verschwende Deine Jugend (Spend Your Youth) is a 2003 German fiction film about a man moving from the countryside to the city as a banker apprentice hoping to be a manager of German band Deutsch-Amerikanische Freundschaft (German-American Friendship). According to the Internet Movie Database (IMDb), the film title was called Play It Loud! when released for English speaking countries.

Links To Peel
Peel doesn't make a visual appearance in the film, but his voice does, where he presents the band on radio.