Flag Day, a drama directed by Sean Penn, will also be among the 24 films competing, with a jury headed by US filmmaker Spike Lee.
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Italy’s Nanni Moretti, who won in 2001, returns with Tre Piani, while Paul Verhoeven will present Benedetta, about a love story in a convent.
Adam Driver and Marion Cotillard star in Annette, a musical by Leos Carax that will premiere on the opening night.
French directors Francois Ozon and Jacques Audiard will also be presenting films, as will Iran’s Asghar Farhadi, Russia’s Kirill Serebrennikov and Thailand’s Apichatpong Weerasethakul, who won the Palme d’Or in 2010.
Outside the competition, Oliver Stone will screen a reworked version of his 1991 political thriller JFK, with new material.
Oscar winner Jodie Foster, who first walked the red carpet at Cannes as a 13-year-old when she starred in Taxi Driver, will be presented with an honorary Palme d’Or.
Cannes’ organisers have long been at loggerheads with streaming giant Netflix, which produces its own films and has shown them at some festivals, but has objected to strict French rules about giving films in competition a cinema release.
Fremaux said two Netflix movies had been possible Cannes contenders, but no agreement had been reached on how to showcase them.