The Coen brothers eighth placement in the competition for the prestigious Palme D'Or at the Cannes Film Festival could be their strongest chance since Barton Fink, which won the award in 1991. It's been six years since the filmmakers have been in competition at Cannes though it seems Inside Llewyn Davis could see the brothers back with a bang.

Inside Llewyn DavisLlewyn (Oscar Isaac) At Jim and Jean's Apartment

The movie, loosely based on Dave Von Ronk's posthumously published memoir The Mayor of MacDougal Street, follows Oscar Issac as a singer-songwriter who navigates the testing New York folk music scene of the 1960s. The film, boasting an all-star casting including Isaac, Carey Mulligan (The Great Gatsby), Justin Timberlake (The Social Network), Garrett Hudlund (On The Road), Adam Driver (Girls) and John Goodman (Argo), Inside Llewyn Davis appears to have all the attributes of a possible Palme D'Or winner and the Coens appear to have spent time making it the best movie possible. It is believed the brothers could have rushed the film into last year's Oscar season though decided against it. Timberlake has contributed to the movie's soundtrack, as has Mulligan's husband Marcus Mumford and T Bone Burnett, who helped shift 8 million copies of the O Brother, Where Art Thou? score. 

Watch The 'Inside Llewyn Davis' Trailer!

Though Inside Llewyn Davis is clearly a frontrunner for the Palme D'Or, it has major competition, especially in the form of Steven Soderbergh's Liberace biopic 'Behind the Candelabra' and 'Only God Forgives,' starring Ryan Gosling as a Bangkok drug trafficker whose crime-boss mom played by Kristin Scott Thomas urges him to avenge his brother's murder. Elsewhere, there's Sofia Coppola's slick movie The Bling Ring and James Gray's The Immigrant starring Joaquin Phoenix, which appears to have a considerable chance. Following the success of Sideways, About Schmidt and The Descendants, critics' favorite Alexander Payne returns with father-son road movie Nebraska. The eventual winner of the prize will be decided by a panel headed by Steven Spielberg and including Christoph Waltz and Nicole Kidman.

Inside Llewyn Davis is released everywhere on December 20, 2013.

Inside Llewyn DavisLlewyn (Oscar Isaac) Joins Jim Berkey (Justin Timberlake) and Al Cody (Adam Driver) At A Recording Session 

Inside Llewyn Davis
Jean Berkey (Carey Mulligan) and Jim Berkey (Justin Timberlake) Perform At The Gaslight