Netflix hits back at Cannes by saying it won't screen any movies at the festival

Netflix head of content Ted Sarandos is pulling Netflix completely out of the Cannes Film Festival after a long fight with movie traditionalists … After the streaming giant caused controversy last year, when it had two films in competition at the festival, the most powerful film fest in the world made a rule change that movies without theatrical distribution in France were no longer eligible to play in competition … Netflix has found success on the festival circuit over the years, specifically at the Sundance Film Festival, where it’s premiered movies that are soon available on the site in the weeks after the festival, like「I Don’t Feel at Home In This World Anymore」and「A Futile and Stupid Gesture.」It’s also made big acquisitions at Sundance, like「Mudbound」in 2017 for $12.5 million.