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Warner Bros have confirmed that the pair are in talks for a green-lit fourth version of the classic film, slated for release in 2012.
The Single Ladies hitmaker will take on the role previously held by Barbra Streisand and Judy Garland in the 1976 and 1954 adaptations, and Janet Gaynor in the 1937 original.
She will play up and coming starlet Esther Blodgett, later Vicki Lester, who falls for a has-been rockstar.
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