Light the candelabra, Liberace is coming to the big screen!

Over twenty years after his death, the life of entertainer Liberace will finally be told in a major motion picture with an A-list director and cast.

Steven Soderbergh, the Oscar-winning director of Traffic, is in the early stages of developing a biopic, which he will direct, and he's recruited Michael Douglas to play the pianist.

Also in talks to participate is another Oscar winner:

"Soderbergh is in discussions with Matt Damon to play Scott Thorson, who sued Liberace in 1982 for $113 million in palimony, claiming he was the entertainer’s companion for five years. Even though Liberace never wavered from career-long denials that he was gay, Thorson reportedly settled for $95,000 in 1986."

Michael Douglas, Steven Soderbergh, Matt Damon

This isn't the first time that Liberace's story has been told. Back in the late 80's, there were "dueling" biopics on network TV. The "authorized" (as in "whitewashed") version starred Andrew Robinson, and the "unauthorized" (as in "more honest") version had Victor Garber as Liberace.

I'm not sure about Michael Douglas, though. I don't know if I could buy him in the role, but we'll see. Actually, when I first heard about it, the name that instantly came to mind was Hugh Jackman. He's already proven he can play a flamboyant entertainer (Peter Allen), and I think he'd bring more vitality to the role.

We'd like to hear your thoughts. Would you go see a biopic about Liberace, and who would you like to see play the iconic (for better or worse) entertainer?