May 13th, 2011
05:50 PM ET
Things have been hopping at the Cannes Film Festival.
Variety reports that The Weinstein Company has picked up the U.S. rights to the Margaret Thatcher biopic, "The Iron Lady." The film, which stars Meryl Streep, will be the second collaboration between Streep and her "Mamma Mia!" director, Phyllida Lloyd.
The movie will also co-star Jim Broadbent as Thatcher's husband, Denis.
"Having worked with both Meryl Streep and Jim Broadbent, I know that they are without peer as film actors," Harvey Weinstein said. "Even so, I was absolutely blown away by what I saw of their performances as Margaret and Denis Thatcher. Phyllida is doing an incredible job."
Meanwhile, day three was a bit overcast, but the weathered didn't dampen the revelry on the Riviera.
Uma Thurman, Owen Wilson, and Vanessa Hudgens were spotted Thursday night at a Calvin Klein party on the beach across from the legendary Martinez Hotel, while Lady Gaga rehearsed on stage along the Croisette. International deejay David Guetta was seen spinning into the wee hours at Baoli.
Friday’s film screenings include "Habemus Papam" by Nanni Moretti, "Polisse" by French film director Maiwenn, and "Wu Xia" by Chinese director Peter Ho-Sun Chan and Duran Duran is rumored to be performing at a private event at the legendary VIP room.
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