Robert Downey Jr. and Beyonce are tipped to take the lead roles in Nick Cassavettes’ remake of the 1930s cinema classic A Star Is Born, Deadline Hollywood reported Friday.

First released in 1937, the musical has been remade for the silver screen twice; once with Judy Garland and James Mason in 1957 and a second time with Barbra Streisand and Kris Kristofferson in 1976. Will Smith and Jennifer Lopez were linked to a abandoned remake planned by director Joel Schumacher.

John Hamm, Alicia Keys and Rihanna are rumored to appear in the Cassavettes feature. A Star Is Born is expected to dance into theaters in 2012.