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Edition: U.S. Article Comments (0) Editor's Choice Memphis braces for Mississippi River flood crest Microsoft to buy Skype for $8.5 billion Obama administration fights to save healthcare law Arnold Schwarzenegger, wife Maria Shriver separate Arctic nations eye future of world's last frontier PIMCO raises bet against U.S. government debt Lifestyle, diet have little effect on Alzhiemer's Miami's James closes in on redemption against Boston YouTube adds Hollywood movies for rental Video: Face transplant recipient appears in public Slideshow: Mississippi floods Follow Reuters Facebook Twitter RSS YouTube Read PIMCO raises bet against U.S. government debt 09 May 2011 Microsoft to buy Skype for $8.5 billion, price seen high 10:30am EDT Arnold Schwarzenegger, wife Maria Shriver separate 1:44am EDT Obama administration fights to save healthcare law 11:02am EDT Memphis braces for Mississippi River flood crest | 09 May 2011 Discussed 165 Concerns raised over shooting of unarmed bin Laden, burial 144 Obama at U.S. base to pay tribute to bin Laden mission 114 Boehner demands trillion-dollar cuts in debt deal Watched New video game takes aim at Bin Laden 2:08am EDT US releases video of bin Laden from compound Sat, May 7 2011 Pakistan says bin Laden accusations "absurd." Mon, May 9 2011 Hollywood, heavyweight directors set Cannes abuzz Tweet Share this By Mike Collett-White CANNES, France (Reuters) - Hollywood's big guns and some of independent cinema's heavyweight directors will share the limelight at this year's Cannes film festival, which opens with Woody Allen's "Midnight in Paris" on... Email Print Factboxes Details on 2011 Cannes film festival 7:39am EDT Ten films to look out for at Cannes 8:11am EDT History of the Cannes film festival 8:29am EDT Analysis & Opinion Netflix pay scheme inspires behind the scenes Muni sweeps: Who is picking up the slack? Related Topics Entertainment » Fashion » Film » Luxury yachts are moored in the port of Cannes before the start of the 64th Cannes Film Festival, May 10, 2011. The Cannes film festival runs from May 11 to 22. Credit: Reuters/Eric Gaillard By Mike Collett-White CANNES, France | Tue May 10, 2011 11:31am EDT CANNES, France (Reuters) - Hollywood's big guns and some of independent cinema's heavyweight directors will share the limelight at this year's Cannes film festival, which opens with Woody Allen's "Midnight in Paris" on Wednesday. At what critics expect to be a vintage edition of the world's biggest cinema showcase, Angelina Jolie, Brad Pitt, Sean Penn, Penelope Cruz, Robert De Niro, Mel Gibson and Johnny Depp are all expected to walk the red carpet. There they will be joined by darlings of the European festival circuit -- Pedro Almodovar, Nanni Moretti, the Dardenne brothers, Aki Kaurismaki and Lars Von Trier -- who are all vying for the coveted Palme d'Or prize for best picture. And U.S. veteran Terrence Malick is finally back in the main competition with only his fifth feature, the eagerly anticipated "The Tree of Life" in which Pitt and Penn star in a family saga set in the Midwest during the 1950s. "There is a very strong buzz and great expectations," said festival general delegate Thierry Fremaux, who has come under fire in recent years for what some considered to be below-par line-ups, light on star power. For three years the global financial crisis has dulled Hollywood's appetite for expensive marketing trips abroad, but studios appear hungry to wheel and deal at Cannes again. "America is very present this year. The studios are back -- professionals, agents. They are everywhere in the hotels," Fremaux told Reuters. As luxury yachts bobbed in the harbor of the French Riviera resort under clear blue skies, last-minute preparations for the May 11-22 movie marathon were underway. Movie posters adorned five-star hotels along the palm-lined Croisette waterfront and bars, restaurants and nightclubs geared up for a hectic two weeks of late-night, big-spending revelry. ALLEN HONOURED Allen's romantic comedy stars Owen Wilson and Marion Cotillard as well as French first lady Carla Bruni. On Tuesday, Bruni announced she had canceled a red-carpet appearance at Cannes because of "personal reasons," feeding widespread rumors in the French press that she might be pregnant. Cannes also includes biopic "La Conquete" (The Conquest), which portrays Bruni's husband, French President Nicolas Sarkozy, during his 2007 election win and the collapse of his previous marriage to Cecilia. Women feature more prominently in the main competition than usual, although they still only account for four of 20 entries. Scotland's Lynne Ramsay presents "We Need To Talk About Kevin," based on Lionel Shriver's bestselling novel and Australian Julia Leigh directs "Sleeping Beauty," described as a "haunting erotic fairy tale." French actress/director Maiwenn Le Besco has directed "Polisse" about a photographer who begins an affair with a cop, and Japan's Naomi Kawase brings "Hanezu No Tsuki," four years after her "The Mourning Forest" won the runner-up Grand Prix award in 2007. Belgium's Dardenne brothers have a chance to become the first directors to scoop the Palme d'Or three times with "The Kid With A Bike" and festival favorite Almodovar will aim to lift his first Golden Palm with "The Skin I Live In." Denmark's Von Trier is back two years after his "Antichrist" became the most talked-about film at Cannes for years for its graphic violence and sexual content. This time he is in competition with "Melancholia," starring Kirsten Dunst as a bride celebrating her marriage as a planet threatens to collide with Earth. Cannes features blockbuster sequels "Kung Fu Panda 2" starring Jolie and Jack Black, and "Pirates of the Caribbean: On Stranger Tides" with Depp and Cruz. Economic recovery following the global financial crisis may also breathe life into the giant Cannes market place where film rights are bought and sold away from the media glare. (Reporting by Mike Collett-White, editing by Paul Casciato) Entertainment Fashion Film Tweet this Share this Link this Digg this Email Reprints We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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