Nicole Kidman in 'Grace of Monaco'
Nicole Kidman in 'Grace of Monaco'

UPDATE: The Weinstein Company has taken "Grace of Monaco" off their release calendar -- it was originally supposed to hit theaters in March, but that has changed with the news that the film will open Cannes 2014.

EARLIER: Olivier Dahan's Grace Kelly biopic "Grace of Monaco," starring Nicole Kidman, is set to open the 67th Cannes Film Festival on May 14.

The film, which has stateside distribution with the Weinstein Company, was originally slated to hit US theaters in time for the current Oscar season, but was pushed back until this spring. Last we heard Dahan was tussling with Weinstein over final edit.

Here's the official synopsis:

The film portrays a period in the life of American Actress Grace Kelly (played by Nicole Kidman) who became Princess Grace of Monaco when she married Prince Rainier III (Tim Roth) in 1956, in what was dubbed “the marriage of the century”. An Oscar winner, she was already a huge film star, having worked with the very greatest (John Ford, Alfred Hitchcock, Fred Zinnemann) and acclaimed the world over. Six years later, amid occasional difficulties in fulfilling her role, she was invited back to Hollywood by Alfred Hitchcock, to play in his new film Marnie. At the time, France was threatening to tax and even annex Monaco, the tiny Principality whose monarch Kelly had become. Was she still an actress? Was she really Princess of Monaco?