Cannes is a great platform for launching European art house films as the American type blockbusters are the most dominant in the box office. Due to it's popularity with it's celebrity audience, it brings attention to the films that win their awards, it's prestigious and well respected awards solidify or can make a film and bring it to the general public. it has become a place for celebrities can announce new projects or resignations for example in this year's festival Jackie Chan announced he will quit acting and concentrate on new ventures
It has a huge impact and I see it as a critic's choice of venue, for people who are well informed and know a lot about independent films and take it seriously.
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