No, that's not a movie title. The acclaimed actor was involved in a car accident late last night and is currently still in the hospital. The article mentions drugs or alcohol were not involved, though it doesn't specify whether Freeman or the other driver is at fault.
The jaws of life had to be used to remove him from the vehicle, though he was conscious and coherent at the time of removal. The only word from the press is he is still in "serious condition".