Paramount Classics has acquired rights in North America, Australia & New Zealand, Latin America and Japan to Henry Jaglom's Festival In Cannes - a romantic comedy set among the highrollers of the international film business and shot during the Cannes International Film Festival itself.

The movie, which had its world premiere recently at the AFI Los Angeles Film Festival, stars Anouk Aimee, Maximilian Schell, Greta Scacchi, Ron Silver, Peter Bogdanvovich and Zack Norman and features Faye Dunaway and William Shatner as themselves.

John Goldstone produced the film in association with Judith Wolinksy; it is a Rainbow Film Company/Revere Entertainment production.

"We are overjoyed to be working with Henry Jaglom and such an accomplished cast. Festival in Cannes is as much a hilarious look at our business as it is an endearing love story," said Paramount Classics' co-Presidents Ruth Vitale and David Dinerstein in a statement. "Henry's made some wonderful films in the past, but this is by far his most accessible and accomplished."

Festival In Cannes joins an expanding 2002 release slate for Paramount Classics which also includes Clare Peploe's Triumph Of Love, Paul McGuigan's The Reckoning, Sandara Nettelback's Mostly Martha and Alan Taylor's The Emperor's New Clothes.