Comment The market (Score 3, Interesting) 183
Cannes has a big market. Hundreds of movies are sold globally in Cannes, at the same time many producers find funding for their big budget and indie films. Netflix buys movies for a few dollars and produce a mere handful of movies every year. Cannes is still a very important platform for the movie business.
Netflix has no space in this old world. They simply put online any movie and people may decide to watch it or not. Meanwhile everyone else has to find distribution and pay for advertising.