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Harvey Weinstein Considers Dropping ‘Grace of Monaco’ Before Cannes Premiere (EXCLUSIVE)

Nicole Kidman biopic might need to find another U.S. distributor

Harvey Weinstein is considering dropping U.S. distribution rights to “Grace of Monaco” just two weeks before the Nicole Kidman biopic is scheduled to premiere at this year’s Cannes Film Festival, Variety has learned.

The problem, according to sources, is that Weinstein is still unsatisfied with the version of the film that the Cannes jury selected to open the festival on May 14.

Director Olivier Dahan (“La Vie En Rose”) has said his film is completed. The two sides have been at a standstill since last year, when “Grace” was originally scheduled for a November 2013 theatrical release in time for Oscars season. A second release date of March 2014 also was missed.

Among Weinstein’s notes, Variety has learned: He wants the film to expand upon the time Grace Kelly (Kidman) spent in Hollywood and provide further context for the political situation in Monaco, a French principality blockaded by Charles de Gaulle during the early years of Kelly’s marriage to Prince Rainier III (played by Tim Roth).

It’s unclear if these extra scenes exist or would have to be reshot. Though the project was not conceived with Oscar ambitions in mind, Weinstein seems to think that he can make it into an awards contender, a la 2011’s “My Week With Marilyn” starring Michelle Williams.

According to France’s “droit d’auteur,” French directors are legally entitled to final cut of their films, though “Grace’s” producers are still open to allowing a Weinstein-edited version in the United States. Distributors in other territories are said to be happy with the festival version of the film produced by Uday Chopra and YRF Entertainment, with the release date in France (via Gaumont) pegged to its May 14 premiere in Cannes, and other major territories rolling out over the following three weeks.

Last fall, the Weinstein Co. announced that “Grace” was delayed because it wasn’t ready, even though a completed version of the movie had been shown at a private New York screening.

In October, the behind-the-scenes bickering went public, when Dahan said in an interview with the French newspaper Liberation that he would fight to keep his version of the picture. “It’s right to struggle, but when you confront an American distributor like Weinstein, not to name names, there is not much you can do,” Dahan said at the time. “Either you say, ‘Go figure it out with your pile of shit’ or you brace yourself so the blackmail isn’t as violent.”

If the Weinstein Co. bails, it could be a blessing in disguise for producers Arash Amel and Pierre-Ange Le Pogam, who could then offer the biopic to another U.S. distributor. As it is, “Grace” is just one of many projects caught in limbo at TWC, where stories of “Harvey Scissorhands” have reached a fever pitch, affecting everything from “The Grandmaster” and “Lee Daniels’ The Butler” last summer to upcoming “Snowpiercer” (which is finally opening on June 27 as the director’s cut), “The Immigrant” (receiving a modest four-screen release on May 16 with limited advertising support) and “The Young and Prodigious T.S. Spivet” (still undated).

A press release from the Weinstein Co. sent to journalists last week about the company’s Cannes efforts omitted “Grace of Monaco” and instead touted the re-edited version of “Eleanor Rigby,” which premiered at Toronto as two back-to-back features (“His” and “Hers”) last September.

The Weinstein Co. did not immediately respond to a request for comment.  Weinstein is expected to make a final decision this week.

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