'Carol' Will Be in Competition at Cannes

It's official.

Carol, the 1950s-set drama about an affair between two women that was filmed last year in Cincinnati, will compete for the Palme d'Or at this year's Cannes Film Festival. That will be its long-awaited premiere.

It is one of only two films by U.S. directors in the much-vaunted competition, according to Variety. The announcement was made at a press conference in Cannes today.

Directed by Todd Haynes (I'm Not There, Far From Heaven) with Christine Vachon as one of its producers, the film stars Cate Blanchett, Rooney Mara and Sarah Paulson and is based on the novel The Price of Salt by Patricia Highsmith. Variety succinctly describes Carol's story as "about a lonely young department-store clerk who falls for an elegant older woman in 1950s New York."

Besides Haynes, the only other U.S. director with a new film in competition at Cannes is Gus Van Sant, whose The Sea of Trees stars Matthew McConaughey and Ken Watanabe as two men who meet in Japan's "Suicide Forest."

However, because financing of movies is often international, Carol is actually listed as a U.S.-U.K. co-production. And another film in competition by a non-U.S. director, the French-Canadian Denis Villeneuve's Sicario, is listed as solely a U.S. production.

Because the 14 films announced for competition are lower than in past years, Variety suggests several more may be added. This will be the 68th annual Cannes Film Festival, the world's most prestigious, and occurs May 13-24.

To read the full Variety story, go here.

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