Memorial Day Box Office Boom; Neon Wins 6th Straight Palme d'Or; Netflix Buys Linklater's Latest; Movie Stocks Soar

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It's Tuesday, May 27th. Here's what's happening.

The Big Picture

American audiences flocked to movie theaters over the holiday weekend. Openings for Mission: Impossible - The Final Reckoning and Lilo and Stitch blew away all expectations. In response, movie theater stocks soared on Tuesday. The Cannes Film Festival wrapped up with Neon winning its 6th Palme d'Or in a row (for Iranian director Jafar Panahi's It Was Just An Accident). Joachim Trier's Sentimental Value won the Grand Prix.

🎥 Extra Coverage

Disney’s Lilo & Stitch and Paramount’s Mission: Impossible – The Final Reckoning shattered Memorial Day box office records with massive global debuts, led by Lilo’s $361.3 million worldwide and M:I’s franchise-best $200 million, marking the biggest Memorial Day holiday weekend in history. (Hollywood Reporter)

Netflix reportedly paid $4 million for the rights to Richard Linklater's, Nouvelle Vague. The Cannes favorite is a love letter to Godard's classic film Breathless. (Deadline)

Neon continued its Cannes winning streak by acquiring Jafar Panahi’s Palme d’Or–winning film It Was Just an Accident, a secretively shot moral thriller about dissidents debating revenge. (IndieWire)

Is it time to just admit that Neon is the new A24? (Collider)

Cannes has been touted as a solid predictor of Academy Awards buzz, but it hasn't always been the case. This year there are many ways the Oscars/Cannes ties may play out.(Deadline)

Director Bi Gan's Resurrection has been picked up by Janus Films (a distributor with close ties to the Criterion Collection). The movie won a special award at Cannes. (World of Reel)

💰 MNP Stock Index

Market Close: Tuesday, May 27th, 2025
Total Value: $107,649.81
Today's Change: $3,965.44 (3.82%)
Total Gain/Loss (Since 05/12/25): $7,649.78 (7.65%)

Outstanding day for the MNP Stock Index, as stocks soared up 3.82%. Record box office for AMC led to a 22.32% rise, and fellow theater chains Imax (up 2.86%) and Marcus Corp (up 10.01%) also roared. Streamer Starz was the lone decliner (down 0.47%)

Disclaimer: The MovieNewsPro Stock Index is a virtual index - there are no actual funds invested. Sector index total value dollar amounts are based on an initial hypothetical investment of $100,000 on May 12th, 2025. We are not licensed investment advisors and our information should not be used as investment advice. Invest wisely.

🍿 Film Festivals

Los Angeles Greek Film Festival, US - May 27-June 1
Nippon Connection Film Festival, Germany - May 27-June 1
Mendocino Film Festival, US - May 29-June 1
SXSW London, June 2-7
Lighthouse International Film Festival, US - June 4-8
New Media Film Festival, US - June 4-5
Sydney Film Festival, Australia - June 4-15
Tribeca Film Festival, US - June 4-15
Guadalajara International Film Festival, Mexico - June 6-14
Annecy International Animation Film Festival and Market, France - June 8-14
American Black Film Festival, US - June 11-15
Provincetown International Film Festival, US - June 11-15
DC/DOX Film Festival, US - June 12-15
Monte Carlo Television Festival, Monaco - June 13-17
Transilvania International Film Festival, Romania - June 13-22
Bentonville Film Festival, US - June 16-22
CineEurope, Spain - June 16-19

📺 Watch This Tonight

Wolfwalkers (2020)
Directed by Tomm Moore, Ross Stewart
An animated tale that is as heartwarming as it is beautiful. A sure bet for kids and adults alike.

Disclaimer/Transparency
MovieNewsPro is a film industry news monitoring service. All stories have been previously reported elsewhere and are not exclusive stories to MNP. All information is believed to be accurate at the time of reporting. MovieNewsPro uses a full array of technology to gather information, including machine learning, automation and artificial intelligence throughout its business monitoring, editing and reporting process.