THE RED SHOES.

1948.THE ARCHERS: MICHAEL POWELL & EMERIC PRESSBURGER. STARRING MOIRA SHEARER.  BALLET.

The movie employs the story within a story device, being about a young ballerina who joins an established ballet company and becomes the lead dancer in a new ballet called The Red Shoes, itself based on the fairy tale "The Red Shoes" by Hans Christian Andersen.