Netflix pulls out of Cannes Film Festival

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Film production streaming giant Netflix's chief content officer, Ted Sarandos, said his company was pulling out of next month's Cannes Film Festival, arguably the most prestigious annual filmmakers venue, because they will not be treated equally due to a French law that stipulates films cannot be released on home entertainment platforms until 36 months after their release in cinemas.

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Ted Sarandos, Netflix's chief content officer, on Wednesday said the streaming giant is pulling its films from the Cannes Film Festival, further intensifying an ongoing dispute between Netflix and the world's most prestigious film festival, reports FRANCE 24.