Washington, March 26 -- The highly anticipated remake of 'The War of the Roses', starring Benedict Cumberbatch and Olivia Colman, is set to hit theaters on August 29, Searchlight Pictures has announced.

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Directed by Jay Roach, the film will be a modern adaptation of Warren Adler's 1981 novel, which was previously turned into a 1989 dark comedy starring Michael Douglas and Kathleen Turner.

According to The Hollywood Reporter, the new adaptation, written by Tony McNamara, follows Ivy (Colman) and Theo (Cumberbatch), a couple who appear to have an idyllic life--thriving careers, a happy marriage, and a loving family.

However, as Theo's professional success falters while Ivy's ambitions ...