By Kate Ward
Updated June 13, 2011 at 05:15 PM EDT
Credit: Joe Schildhorn/BFAnyc/Sipa Press

W.E. is now Weinstein family. Rights to the film directed by Madonna have been acquired by the Weinstein Co., the studio announced Monday. (Though the Weinstein Co., is referring to the project as Madonna’s “directorial debut,” the singer actually helmed her first film, Filth and Wisdom, back in 2008. A rep for the Weinstein Co., however, says that the 81-minute Filth is considered a short, making W.E. her first feature-length debut.) Written by the singer and Alek Keshishian (director of Madonna: Truth or Dare), W.E. tells the love story of King Edward VIII and Wallis Simpson spanning six decades. The film stars Abbie Cornish (Limitless), Natalie Dormer (The Tudors), and James D’Arcy (Secret Diary of a Call Girl).

W.E. is about the nature of true love, and the sacrifices and compromises that are often made,” Madonna said in a press release. “I’ve wanted to tell this story for a very long time, and bringing it to life has been a great adventure for me. I’m looking forward to working with Harvey [Weinstein] and The Weinstein Company on this film.”

For his part, Weinstein teases that moviegoers should look forward to seeing what Madonna has to offer: “Madonna has really come into her own as a filmmaker with W.E. … She’s taken one of the most famous romances of the 20th century and brought it to life in a smart, sexy and thoroughly modern way. It’s a terrific addition to our U.S. release slate.”