Pop star Madonna's directorial venture "W.E." will have its world premiere at the Venice Film Festival

The film is about the life of Britain's King Edward VIII and his American wife Wallis Simpson and a modern-day woman called Wally. It will be screened out-of-competition at the Aug 31-Sep 10 event.

"'W.E.' is about the nature of true love, and the sacrifices and compromises that are often made. I've wanted to tell this story for a very long time, and bringing it to life has been a great adventure for me," Madonna said about her film.

Films included in the competition line-up are "Tinker, Tailor, Soldier, Spy" and Andrea Arnold's new adaptation of classic tale "Wuthering Heights".

"Black Swan" director Darren Aronofsky will chair the competition jury that will pick the winner of the Golden Lion Award.