AFM 2012: Buyers Tune Up for Gemma Arterton, Kylie Minogue's 'Walking on Sunshine'

Kylie Minogue and Gemma Arterton are set to star in the 3D 1980s-fueled musical Walking on Sunshine for the U.K.'s Vertigo Films.

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•American Film Market

IM Global has sold the movie in a raft of key territories, including to SquareOne in Germany, Gaga in Japan, Eagle in Italy, Paradise/MGN in Russia, Entermode in South Korea, Nordisk in Scandinavia, Impuls in Switzerland, Applause in Taiwan and Golden Scene in Hong Kong.

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Vertigo holds U.K. rights.

"Distributors are responding to the film's irrepressible feel-good factor and 1980s nostalgia," IM Global CEO Stuart Ford said.

Max Giwa and Dania Pasquini -- directors of British indie hit StreetDance 3D and StreetDance 2 -- are directing the film.

Walking on Sunshine, set to pop hits from the 1980s, takes place in present-day Spain in a beautiful coastal village. Amanda is getting married to the gorgeous Raf and has invited her sister, Taylor, to the wedding. Unbeknownst to Amanda, however, Raf is Taylor's ex-holiday flame and the love of her life.

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StreetDance 3D, released in 2010, earned north of $17 million and featured debut performances by Britain's Got Talent stars George Sampson, Diversity and Flawless. It was a production of Vertigo in association with BBC Films.

IM Global’s slate also includes The Butler, headlining Forest Whitaker; Dead Man Down, starring Colin Farrell and Noomi Rapace; Welcome the Punch, starring James McAvoy; and Before Midnight.