Five Takeaways From Cannes, From Johnny Depp’s Bizarre Return to a Revival of Extravagant Parties

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Five Takeaways From Cannes, From Johnny Depp’s Bizarre Return to a Revival of Extravagant Parties
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Studios shelled out to bring “Asteroid City” and “Killers of the Flower Moon” to France. All of these costs come as media conglomerates lay off tens of thousands of people, share prices get battered and the WGA holds out for better terms.

No film festival can rival it for delivering old-school Hollywood glamour. And the 76th edition hasn’t suffered from a lack of star power during its first half, with Leonardo DiCaprio, Julianne Moore and Natalie Portman all shining on the red carpet.

But Cannes isn’t just an opportunity to see the biggest actors on the planet on the biggest stage in moviedom. It’s also a chance to take stock of the industry and the challenges it faces. There’s no graver one, certainly, than the Writers Guild strike that’s put the TV and movie business in a holding pattern, along with the possibility that actors and directors will join the picket lines when their contracts expire in June.

scored with “Killers of the Flower Moon.” This Cannes the brightest stars may be the ones behind the camera.Cannes isn’t just a place to premiere movies; it’s also a great setting to sell them. Yet sales agents warnedthat the market would be quiet this year. Announcing multimillion-dollar sales of finished films and star packages would be disruptive and disrespectful of picketing writers. Indeed, movement around sales has been slower than a French waiter.

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