• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch

3

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

1

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch

3

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
Arts & EntertainmentNetflix

Will Smith Defends Netflix As Cannes Streaming Debate Rages

By
Tom Huddleston Jr.
Tom Huddleston Jr.
Down Arrow Button Icon
By
Tom Huddleston Jr.
Tom Huddleston Jr.
Down Arrow Button Icon
May 17, 2017, 4:28 PM ET
"Ismael's Ghosts (Les Fantomes d'Ismael)" & Opening Gala Red Carpet Arrivals - The 70th Annual Cannes Film Festival
Photo by Ki Price—Getty Images
Add Fortune on Google for similar content.

Hollywood’s great streaming debate rages on at France’s prestigious Cannes Film Festival, where Netflix prepares to make its debut for the first (and possibly the last) time.

The festival kicked off on Wednesday with a press event featuring the star-studded Cannes jury—the group that includes A-list actors Will Smith and Jessica Chastain, and which will vote on films competing at this year’s festival. At the press conference, Oscar-winning Spanish director Pedro Almodovar, the Cannes jury president, read a prepared statement that took a swipe at Netflix’s chances of taking home a major award at the festival, where the streaming company has original films competing for the first time ever this year.

“I personally don’t perceive the Palme d’Or [should be] given to a film that is then not seen on the big screen,” Almodovar said, according to The Hollywood Reporter. (The Palme d’Or is the top prize at Cannes). “All this doesn’t mean that I am not open or celebrate new technologies and opportunities, but [as long as] I’m alive I’ll be fighting for the capacity of hypnosis of the large screen for the viewer.”

Not surprisingly, Smith, who is the star of the upcoming Netflix sci-fi fantasy movie Bright, jumped in to defend the massively popular streaming service. Smith offered his alternative take: “I have a 16-year-old and an 18-year-old and a 24-year-old at home. They go to the movies twice a week, and they watch Netflix. There’s very little cross between going to the cinema and watching what they watch on Netflix.”

Smith also argued that services like Netflix give his children access to films and filmmakers they might otherwise not have experienced. “It has broadened my children’s global cinematic comprehension,” the actor said.

Organizers of the annual festival had already muted any excitement over Netflix’s Cannes debut earlier this month when they announced a policy change that takes effect next year and will bar any streaming films from screening at the Cannes festival unless they also have a traditional theatrical release in France. The rule change would seem to make Netflix’s run at Cannes a one-year affair at most, considering that the streaming service has typically eschewed wide releases of its original films in theaters in favor of online-only distribution.

Get Data Sheet, Fortune‘s technology newsletter.

Netflix is still allowed have its two films in competition at Cannes this year: Korean director Bong Joon-ho’s sci-fi drama Okja and Noah Baumbach’s indie drama-comedy The Meyerowitz Stories. And, the company has expressed some willingness to give its original films limited theatrical runs. But, France’ strict regulations require films to wait 36 months after theatrical release to begin streaming online. While Netflix offered to make some concessions to French theater owners in the lead-up to Cannes, there is still a vocal opposition in the French film industry that feels the U.S.-based streaming company is skirting the country’s laws.

So, it comes as little surprise that Almodovar would want to address a topic that has been frequently discussed in the weeks leading up to this year’s festival in Cannes. And, while the acclaimed director of such Spanish-language films as Talk to Her and All About My Mother was careful to not completely disparage the digital medium, his message was clear: digital distribution should not replace traditional theatrical release and streaming companies should have to play by the same rules as traditional film studios.

Almodovar is far from alone in his profession, as many other big-name directors have railed against the possibility of Hollywood moving away from the traditional method of showing new films in theaters for months-long runs before eventually making them available for people to watch at home. At the same time, several other top directors such as Peter Jackson (The Lord of the Rings trilogy) and J.J. Abrams (Star Wars: The Force Awakens) have voiced their support for a revamped business model that would shorten movies’ theatrical window through premium streaming services for first-run films—which is something that even major studios are reportedly discussing themselves.

Meanwhile, Will Smith’s defense of Netflix is also far from surprising, considering that he is in business with the company that paid a reported $90 million to acquire Bright, which will premiere online later this year. That’s a large sum for a movie that is unlikely to show up in theaters, but it’s a drop in the bucket compared to the $6 billion Netflix plans to spend producing original content this year.

In other words, Hollywood’s digital debate is far from over. The more money that Netflix spends to release its own films, and the more the company pits its films against traditional Hollywood products at events like the Cannes Film Festival and the Academy Awards (Netflix won its first Oscars earlier this year for the documentaries 13th and The White Helmets), the more intense the debate over whether Netflix is good for movies and movie-lovers will get.

About the Author
By Tom Huddleston Jr.
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Arts & Entertainment

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Arts & Entertainment

Melania Trump NFT earnings surge 28x in 2025 as first lady rakes in nearly $17 million in total earnings, filing shows
PoliticsDonald Trump
Melania Trump NFT earnings surge 28x in 2025 as first lady rakes in nearly $17 million in total earnings, filing shows
By Mia OsmonbekovJuly 1, 2026
5 hours ago
Donald Trump sits at his desk in the Oval Office, smiling and with his hands folded in front of him.
PoliticsDonald Trump
Trump got a $78K pension from the Screen Actors Guild in 2025 because he appeared in Home Alone 2 in 1992
By Sasha RogelbergJuly 1, 2026
7 hours ago
powell
InvestingSports
Premier League Lacrosse adds Rob Mac, Glen Powell to investors group in historic $100 million funding round
By The Associated PressJune 30, 2026
1 day ago
swiss
EuropeHeat
It’s so hot in Switzerland that yodelers are standing in fountains
By Jez Fielder and The Associated PressJune 30, 2026
1 day ago
Dave Portnoy
SuccessCareers
Dave Portnoy quit an $80K sales job to start Barstool—he hand-delivered papers in a secondhand van while living with his girlfriend’s mom for 6 years
By Preston ForeJune 29, 2026
2 days ago
bm
PoliticsWhite House
As Bill Maher accepts Mark Twain Prize, the funniest thing is the tarp draped across the Kennedy Center
By Steven Sloan and The Associated PressJune 29, 2026
2 days ago

Most Popular

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
Success
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
By Sydney LakeJune 25, 2026
7 days ago
As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch
Big Tech
As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch
By Marco Quiroz-GutierrezJuly 1, 2026
16 hours ago
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
Success
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
By Preston ForeJune 27, 2026
5 days ago
The Supreme Court's birthright citizenship ruling hands the U.S. economy a $7.7 trillion win
Newsletters
The Supreme Court's birthright citizenship ruling hands the U.S. economy a $7.7 trillion win
By Diane BradyJuly 1, 2026
14 hours ago
Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
Success
Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
By Sydney LakeJune 29, 2026
2 days ago
The U.S. Army is opening military bases to private billions — here's why that changes everything for the next 250 years
Commentary
The U.S. Army is opening military bases to private billions — here's why that changes everything for the next 250 years
By Marc AndersenJune 30, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.