Legendary’s ‘The Greatest Showman’ will receive the 2018 Cannes Film Festival’s Best Picture award

Legendary Pictures and Paramount Pictures have agreed to jointly develop the highly anticipated “The Greatest Plot Twist Ever Told,” a feature film based on the story of the legendary Broadway musical “The Great Dictator.”

The deal is expected to close in the second half of 2018, the Hollywood Reporter has learned.

Legendary and Paramount will produce and distribute the film in the United States.

Legendary will make its first theatrical debut in 2018.

The film will be produced by Legendary’s Steven Spielberg, who helmed the Broadway smash “The King and I,” and will be distributed by Warner Bros. and Focus Features.

The “Great Dictators” was a Broadway revival of the 1939 “Great American Novel,” which also starred William Holden and Charles Laughton.

It won four Tony Awards and three Tony nominations.

The story follows an anti-war activist, John Travolta, who uses his political influence to get the United Nations to endorse his peace-promoting policies.

“The Story of the Great Dichotomy” won a Pulitzer Prize in 1939 for best drama.

It is now considered one of the best films ever made.

In the 1990s, Paramount was trying to revive “The Dictation of Charles Lindbergh,” a musical adaptation of the Pulitzer Prize-winning novel of the same name.

The production company, Paramount Films, was sold to Warner Bros., which later merged with Legendary Pictures to become a unit of the Walt Disney Co. Legendary has distributed the “Greatest Showman” since its 1997 release, and its other feature films include “Jaws,” “Mamma Mia!” and “The World’s End.”

The studio is repped by UTA and the Hansen Jacobson Firm.