The Weinstein Company (TWC) has acquired US, Australian and New Zealand rights to Woody Allen's Cassandra's Dream.

TWC expects to open the film in North America later this year.

The completed drama, starring Ewan McGregor, Colin Farrell, Tom Wilkinson, Sally Hawkins and newcomer Hayley Atwell, had been expected to screen at the Cannes festival but may now be looking for another prestigious festival slot, possibly at Venice.

When they were heading Miramax, Bob and Harvey Weinstein distributed Allen films including Everyone Says I Love You, Mighty Aphrodite, Bullets Over Broadway and Celebrity.

Allen's three most recent films were distributed in North America by Focus Features (Scoop), DreamWorks (Match Point) and Fox Searchlight (Melinda And Melinda).

In a statement, Allen said: ' Harvey is one of the only producers/distributors around who actually can see beyond the grosses and gets real pleasure out of presenting fine movies. I hope my film can live up to some of the terrific pictures he's given the public.'

Written and directed by Allen, Cassandra's Dream is set in contemporary London and tells the story of two brothers and how their lives and loves gradually become entangled in circumstances that lead to tragedy.

The film was shot by Vilmos Zsigmond and has a score by Philip Glass.

Longtime Allen collaborators Letty Aronson, Stephen Tenenbaum, and Gareth Wiley produce and Wild Bunch is handling worldwide sales.