Étoile is a 1989 Italian film about a new ballerina student who becomes possessed by the spirit of the ballerina who haunts the school. It stars Jennifer Connelly and Charles Durning. I like Charles Durning, and this is a beautiful and interesting movie. It gets quite bizarre towards the end.
TCM has an overview. Rotten Tomatoes doesn't have a critics score but has an audience rating of 80%.