Cannes veteran Menahem Golan is to direct Holocaust comedy Le Grand Festival, starring Gerard Depardieu.

The film, set up as an Austria/Italy/Hungary/Israel co-production begins shooting in Budapest in August. Producers are Norbert Blecha, Laura Susanne Ruedeberg, Jeno Hodi, and Doran Eran.

The executive producer is Bernhard Wolschlager. In the film, Depardieu plays the director of a music festival in spa town, Badenheim, somewhere in Austria.

Depardieu and Golan are expected in Cannes this afternoon to announce the project.