Antonio Banderas & Penelope Cruz Pose at the Premiere of 'Competencia Oficial' in Madrid

Antonio Banderas and Penelope Cruz are celebrating the release of their new film!

The pair were seen posing together at the premiere of Competencia Oficial in Madrid, Spain on Monday (February 21).

PHOTOS: Check out the latest pics of Penelope Cruz

Penelope wore a black and white printed Chanel gown, while Antonio opted for a leather jacket and black trousers. They were joined at the premiere by their co-star Oscar Martinez.

The movie is a satire that focuses on a wealthy businessman who hires a famous filmmaker to help him make a smash hit film.

The two stars were also spotted at the photo call earlier that day and you can see all the pics here.

Click through the gallery for 120+ photos of Antonio Banderas and Penelope Cruz at the premiere of Official Competition in Madrid…