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Josh Brolin, who was overlooked by Oscar for last year's "No Country for Old Men, " received his first Oscar nomination.
CNN: 'Benjamin Button' hooks 13 Oscar nominations
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Last year's winner Slumdog Millionaire went on to win the Oscar for best picture and the previous year, the Coen brother's No Country For Old Men did the same.
BBC: Avatar, Star Trek and District 9 lead award shortlist
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Stewart also wrote the movie and is producing it with Scott Rudin, best known for films like The Girl With The Dragon Tattoo and No Country for Old Men.
FORBES: Is It A Good Idea For Stewart To Vacate His 'Daily Show' Seat While He Makes A Movie?
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But for all the talent involved -- the cast also includes Leslie Mann ("Knocked Up") and Stephen Root ("No Country for Old Men, " the TV series "NewsRadio") -- "Drillbit Taylor" has a problem.
CNN: Review: 'Drillbit' surprisingly dulled
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Coen - who, alongside his brother has co-directed and produced Academy-award winning films such as No Country for Old Men and Fargo - is making his debut on Broadway with his play Talking Cure.
BBC: Woody Allen to team up with Ethan Coen on Broadway
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And though 2007's "No Country for Old Men" didn't win the festival's big prize, the buzz surrounding the film after its Cannes showing was instrumental in carrying it to a best picture win at the Oscars.
CNN: Cannes exposure is no guarantee of success
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If you look to the early days of stolen vehicle management, via LoJack and others, or homing devices such as what we saw in No Country for Old Men when Anton found his money, you know everything you need to know when it comes to the Internet of Things.
FORBES: The Internet Of Things Isn't As New As It Seems