Netflix pulls out of Cannes amid feud with festival – CBS News

NEW YORK — The feud between Netflix and Cannes Film Festival is growing. Ted Sarandos, Netflix’s chief content officer, on Wednesday said the streaming giant is pulling its films from the Cannes Film Festival, further intensifying an ongoing dispute between Netflix and the world’s most prestigious film festival.

Cannes earlier banned any films without theatrical distribution in France from its Palme d’Or competition. That essentially rules out Netflix movies, which are released either on a day-and-date strategy — meaning simultaneously on Netflix and in some theaters — or simply go straight to Netflix. In France, it’s a law that films can’t be released on home entertainment platforms until 36 months after their theatrical release.

That still left Netflix the option of participating outside of competition at Cannes. But in an interview with Variety published Wednesday, Sarandos said he doesn’t want to send Netflix releases if they won’t be treated equally with other movies.

Source: Netflix pulls out of Cannes amid feud with festival – CBS News