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Stock impact report

Streaming: At the Cannes Film Festival, Tech and Tradition Collide [The New York Times]

Netflix, Inc. (NFLX) 
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Photo Eric Caravaca and Esther Garrel in Philippe Garrel’s “Lover for a Day,” which the streaming service Mubi acquired from the Cannes Film Festival. Credit MUBI/SBS Distribution Just as giant streaming services like Netflix and Amazon have quickly established themselves as movie production entities, resentment and panic from studios and filmmakers (and what some might term a critical peanut gallery) have grown more blatant. At this year’s Cannes Film Festival , the 70th, the great Spanish filmmaker Pedro Almodóvar , the president of the festival’s competition jury, said at a news conference that he couldn’t imagine awarding a competition film that would not be shown in a theater. This came shortly after the festival issued a statement saying that in the future its competition section would not consider films that would not be shown theatrically in France. The wording of that statement was ambiguous — some films in the competi Show less Read more
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