Cannes 2012: Lionsgate's 'Dirty Dancing' Remake Hopes to Hook Foreign Buyers

Kenny Ortega's high-profile Dirty Dancing remake is headed for Cannes, where it will be shopped for the first time to foreign buyers.

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Lionsgate International is handling international sales on the film, which Lionsgate opens in the U.S. on July 26, 2013. The cast has yet to be announced.

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The updated movie will hit theaters 26 years after the first Dirty Dancing opened in August 1987, becoming a runaway blockbuster and catapulting Jennifer Grey and Patrick Swayze to fame. Ortega (High School Musical) was a choreographer on the original film.

Dirty Dancing is being produced by Debra Martin Chase, Ortega and Alli Shearmur. Brad Falchuk (Glee) and Maria Maggenti wrote the script, which is based on the original film's screenplay by Eleanor Bergstein.

Ortega's film will pay tribute to the classic tale of Baby's forbidden summer romance with Johnny Castle, while incorporating classic songs from the 1960s, hits from the original film and new compositions.

Dirty Dancing is part of a flurry of movie titles making their debut at the Marche du Film in Cannnes.

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Also on Thursday, Radiant Films International announced it will be shopping period drama Madame Bovary, starring Mia Wasikowska and Paul Giamatti. Ezra Miller (We Need to Talk About Kevin) also is joining the cast. Madame Bovary, based on Gustave Flaubert's classic novel, is directed by Sophie Barthes and written by Rose Barrenche. Occupant Entertainment is producing.

Liam Hemsworth's romantic drama Love and Honor will likewise launch at Cannes as part of Lightning Entertainment's slate. The completed film, directed by Danny Mooney, also stars Austin Stowell, Teresa Palmer, Aimee Teegarden, Chris Lowell and Wyatt Russell.