Oscar nominee and Telluride regular Carey Mulligan on the set of "Shame" (thanks to caughtonset.com)
Jeffrey Wells at Hollywood Elsewhere yesterday had a moderately detailed story about the plans for British director Steve McQueen's "Shame." He claims that it's a lock for the Venice Film Festival which runs from Aug. 31-Sept. 10 this year. Last year "Black Swan" made the leap from Venice to be a "sneak" at Telluride and was the only film cross entered between the two festivals last year. (and in a turn of film synchronicity this year's jury president at Venice is "Black Swan" helmer Darren Aronofsky). In 2009 the two festivals shared "The Road'" "Bad Lieutenant:Port of Call New Orleans," and "Life During Wartime."
I still think there's reasonably good chance that could also happen with the McQueen film, but admittedly, the window for films being at both festivals is rather small. "Shame" stars Michael Fassbinder (McQueen's lead in "Hunger" the director's 2008 film that appeared in Telluride), Nicole Behaire (a Telluride guest in 2008 with "American Violet") and TFF regular the past 2 years, Carey Mulligan.
You can find the Wells article here: http://hollywood-elsewhere.com/2011/06/speed_and_shame.php
Also, for a look at some other titles that may play Venice check this post from Shadow and Act via Indiewire: