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.

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