Cannes 2012: Nicole Kidman Drama 'Grace of Monaco' to be Coproduced by India's YRF Entertainment, France's Stone Angels

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Nicole Kidman will star as Princess Grace of Monaco (left)

Veteran Bollywood banner Yash Raj Films' U.S. division will co-produce the film –- to be helmed by Olivier Dahan -– with Stone Angels, the French distributor for “Cosmopolis."

Leading Bollywood banner Yash Raj Films' Hollywood-based division YRF Entertainment and Paris-based Stone Angels will co-produce Grace of Monaco starring Nicole Kidman, and directed by Olivier Dahan (La Vie En Rose). While a budget was not given, the project will start production this fall in the south of France.

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The movie tells the story of efforts by the late Princess Grace of Monaco (the former Grace Kelly, played by Nicole Kidman) to make peace between her adopted country and France. According to a statement, “Grace, just 33 years old and having just given up an acting career to become Monaco’s First Lady, maneuvered through a political minefield to resolve the situation, as detailed in the film.”

YRFE CEO and Bollywood actor Uday Chopra (whose father Indian film icon Yash Chopra established YRF over four decades ago) will coproduce with Pierre-Ange Le Pogam of Paris-based Stone Angels, the French distributors of David Cronenberg's Cosmopolis. Stone Angels also co-produced and is distributing Nabil Ayouch's Un Certain Regard entry Horses of God.

YRFE development head Jonathan Reiman will serve as executive producer, along with the film’s writer, Arash Amel. Inferno is currently selling foreign rights to the film at Cannes.

Grace of Monaco is the kind of movie that has a perfect blend of talent and sensibility that YRF Entertainment is proud to be a part of. We look forward to a great partnership with Olivier and Pierre-Ange,” said Chopra.

“When I first read the script written by Arash Amel, I thought it was a great story to tell, with a lot of artistic, historical and emotional potential. This is why I invited Olivier Dahan to become the director because he has this artistic vision. When Olivier and I met with Nicole Kidman for the first time, we felt immediately she was the right artist to portray Princess Grace. When I then met with Uday, I had the same feeling after our conversation. He was obviously the right partner because of his beautiful vision of the movie. We are very proud and enthusiastic to be sharing the experience of working together with YRF,” added Le Pogam.

YRFE was established last November as a subsidiary of Yash Raj Films to develop, finance, and produce English language films for the U.S. and global markets. YRFE is currently overseeing post-production on Peter Glanz’s upcoming comedic feature, The Longest Week, starring Jason Bateman and Olivia Wilde.