May 8, 2013 - 14:31 AMT
Oscar winner Octavia Spencer joins Kevin Costner in "Black and White"

Octavia Spencer will star alongside Kevin Costner in "Black and White", according to TheWrap.

IM Global has come aboard to sell the film to international buyers starting at the Cannes Film Festival next week. Cassian Elwes, an executive producer on the project, is handling domestic rights.

The film reunites Costner with "The Upside of Anger" director Mike Binder, who wrote and will directed "Black and White." It will begin shooting this summer in New Orleans.

Costner's Treehouse Productions and Binder's Sunlight Productions are co-producing the project, about widowed attorney Elliot Anderson (Costner) and his bi-racial granddaughter, Eloise. Eloise's mother, Eliot's daughter, died giving birth.

In the movie, Eloise's grandmother Rowena (Spencer) wants Eloise's father (and her son) to care for the child. Eliot and Rowena then spar over custody.

Spencer can next be seen in Sundance favorite "Fruitvale," which the Weinstein Co. will release July 26.