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Random thread of Thoughts on Cannes this year:
1/ First year back here since before COVID and seemed busy if a little more muted than it was. Parties and drinks all felt more restrained (not a bad thing).
1/ First year back here since before COVID and seemed busy if a little more muted than it was. Parties and drinks all felt more restrained (not a bad thing).
2/ Haven't heard of any major deals being struck (many seem to have been done pre-festival) but the sales agents I spoke to said that there was decent business being done, if not spectacular. Seemed to be a good showing from indie distrib buyers.
3/ Some concern over potential SAG strike and how that may affect other markets. Some producers considering moving production schedules back, but no outright panic.
4/ General sense of optimism from most producers I spoke to. Everyone still lamenting the lack of equity around but more UK producers seemed to be looking at co-pro structures.
5/ It rained a lot last week and everyone seemed miserable but the mood turned in the last few days as the sun shone and that riviera feel returned! Don't underestimate how this affects people doing deals.
6/ As usual didn't get a chance to watch any films but buzz was def there for Killers of the Flower Moon and How to Have Sex. One day I'll do a festival and only go to watch the film!
7/ Most people seemed to agree that the tide was slowly drifting out with the streamers. No one seemed quite sure what their strategies are but general feeling was that the big spending days are gone and more realistic budgets will be the way forward.
8/ Great to catch up with so many UK producers and filmmakers. There was a good showing from the UK and overhead lots of people remarking how many UK filmmakers were at the festival.
9/ As usual, lots of good conversations, the name of the game is long-term relationships. It's not about going to Cannes to get deals, it's about building and maintaining relationships that come to fruition in the future.
10/ Tax credits and rebates are going to be all-out-war over the next few years. You could barely walk 2 feet in the marche without seeing huge signs for big tax incentives from different countries. Everyone wants to bring in Int'l productions.
11/ Perhaps because of the crazy prices in UK atm, food and drink didn't feel quite as expensive as usual. Although it will still cost 10 euros for a coke at the main hotels!
12/ AI was a hot topic and many filmmakers had pitch decks using Midjourney images or similar. Attitudes varied from pragmatic on how to use the tech to outright panic at the thought of being replaced. Most writers adamant that AI couldn't ever replace them (good and I hope so).
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