Cannes 2012: Stephen King's 'The Reach' to Be Made Into Movie

2:44 AM PDT 5/10/2012 by Stuart Kemp

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Buyers at the festival will get a chance to hear more about the plans to bring King's story to the big screen as the project will make its market debut at the Marche du Film.

LONDON -- A movie based on the story author Stephen King says he would "most like to be remembered for after his death" will make its market debut in the Marche du Film in Cannes.

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British sales, production and finance banner Park Entertainment is bringing King's The Reach to market for the first time. It will be produced by Grayson Ross and Jodi Hansell for DownEast Village Productions.

Budgeted in the $12 million-$14 million range, the story's title refers to the 1.5-mile stretch of water between Goat Island and the Maine coastline. The book details the story of a 95-year-old woman who embarks on a troubled journey from the island to the mainland after the Reach freezes over for the first time in 50 years.

The project is out to directors and talent agents and is tipped to pick up heat at the market in Cannes.

Park Entertainment also is giving airline drama Fly Me its debut market flight.

Based on a book by the late airline pioneer Freddie Laker's friend, U.S. attorney Bob Beckman, the movie charts the conspiracy among the airlines that brought Laker’s empire crashing to the ground and the resulting grand jury trial.

The trial was only halted by the direct intervention of then-U.S. President Ronald Reagan and British Prime Minister Margaret Thatcher.

Buyers will be told the budget is hovering around the $20 million mark and the movie will be directed by Jonathan Lynn and produced by Simon Barnes for Park Entertainment and Kevin Townsend for Science and Fiction Films.