2929 International will commence sales in Cannes on Davis Guggenheim's true-life drama Gracie based on a tragedy that struck the family of actress Elisabeth Shue.

Set in 1978, Gracie tells the story of a 16-year-old girl who won the right to play competitive football on her high school boy's team after a family tragedy changed her life. Shue stars with Carly Schroeder, Dermot Mulroney, and Andrew Shue.

Andrew Shue, Elevation Filmworks' Lemore Syvan, Elisabeth Shue and Davis Guggenheim produced Gracie, which Picturehouse will release domestically on Jun 1.

'We're happy to introduce Gracie to foreign buyers for the first time at the upcoming Cannes Market,' 2929 International chief Shebnem Askin said.

'We have a very robust slate this year that includes the drama We Own The Night, an official Cannes selection starring Joaquin Phoenix, Mark Wahlberg, Eva Mendes and Robert Duval, and the Barry Levinson-directed comedy What Just Happened starring Robert De Niro, Bruce Willis and Sean Penn.'

'Davis Guggenheim is one of the hottest directors in the business and this film is evidence of his tremendous talents,' 2929 Entertainment co-owner Todd Wagner added. 'We believe this film has themes and characters that will connect with audiences worldwide and we anticipate them being as enthused as we are.'