Well as the article says…..it seems totally unlikely that Lowlife could possibly make it but The Master could…..maybe! There was talk last year of a Cannes 2012 appearance so yeah, highly doubtful but possible!
Autumn festival season for The Master and next year for Lowlife seems to be the way it’s going:
“The Master” (dir. Paul Thomas Anderson)
Cast: Philip Seymour Hoffman, Joaquin Phoenix, Amy Adams, Laura Dern
While Paul Thomas Anderson has been to Cannes before (“Punch Drunk Love”), “The Master” only started lensing last fall, and we think it’s fairly unlikely the helmer will be rushing his highly anticipated (and semi-controversial) period picture — his first film in five years — to make it to the Croisette. With a December release date locked down, a fall festival bow is much more likely.
Low Life" (dir. James Gray)
Cast: Joaquin Phoenix, Jeremy Renner, Marion Cotillard
Bizarrely put forth by Cineuropa as a possibility if Gray manages to edit it quickly, there is no way in hell this is making it Cannes. The film is still shooting, so we’re looking at a fall festival bow at the earliest but we won’t be surprised if we don’t see any sign of the picture until next year. But Cannes 2013? Why not. The French love James Gray and there’s no doubt the festival would welcome him with open arms.
Full article: Indiewire.com