I just read an article in IndieWIRE that Weinstein Co. just bought the movie "The Artist" (2011) - l'Artiste by Michel Hazanavicius ("OSS 117: Lost in Rio", "OSS 117: Cairo Nest of Spies") at the Cannes Film Market.
But it is not just a movie, it is a black-and-white silent movie... The main characters played by Jean Dujardin a French actor, and Bérénice Bejo an Argentinian born actress who works in France and some other casts include John Goodman, Penelope Ann Miller (Oh where has she been??) and so on. It is a French distribution film by Warner Bros. Entertainment France but multi-international casts and the story is based on Hollywood (of course).
Well at least they do not need to spend any money on sub-titles...
Synopsis: Hollywood, 1927: As silent movie star George Valentin wonders if the arrival of taking pictures will cause him to fade into oblivion, he sparks with Peppy Miller, a young dancer set for a big break. (IMDb)
Currently showing at the Cannes Film Festival 2011
US Theatrical Release Date Unknown