The film, starring Kristen Stewart, Jesse Eisenberg and Steve Carell, centers on the buzzing cafe society of 1930s Hollywood.
Woody Allen has become the first director to present three opening-night films at Cannes.
Hollywood Ending opened the festival in 2002 and Midnight in Paris in 2011.
According to the festival organizers, Cafe Society tells the story “of a young man who arrives in Hollywood during the 1930s hoping to work in the film industry, falls in love, and finds himself swept up in the vibrant cafe society that defined the spirit of the age”.
Café Society marks a romantic reunion for Kristen Stewart and Jesse Eisenberg who appeared together in American Ultra.
The movie will screen out of competition at this year’s event, which runs from May 11 to 22, ahead of its release later this year.
Jodie Foster’s Money Monster starring Julia Roberts and George Clooney, and Steven Spielberg’s The BFG are already confirmed to screen at this year’s Cannes Film Festival.
The full official selection will be announced mid-April.
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