The film will be directed by Bradley Cooper, after Clint Eastwood dropped out of the project in October 2012 due to a scheduling conflict. This would mark the 40-year-old actor's feature directorial debut, as ET previously reported.
A Star Is Born follows a film star, Norman Maine, who helps a young singer and actress, Vicki Lester/Esther Blodgett, find fame. Beyoncé would be starring as Vicki, which was previously played by Judy Garland in 1954 and Barbara Streisand in 1976.
Who would star opposite Beyoncé is still up in the air, though Cooper, Will Smith, Tom Cruise, Leonardo DiCaprio and Christian Bale have all reportedly expressed interested in the iconic role of Maine.