Tuesday: Cannes Takes Center Stage; Netflix's New East Coast Production Hub; Neon's Power Moves; Cineverse Ramps Up
Cannes opens with Neon having the inside track once again. Netflix is breaking ground on a $900 million dollar east coast production hit. Plus, Matt Belloni's latest pod ranks the summer blockbusters.
It's Tuesday, May 13th. Here's what you need to know.
📽️ News & Views
With Sentimental Value and Alpha both garnering serious attention, will Neon rule Cannes once again? (Source: Next Best Picture)
Kristen Stewart, director of The Chronology of Water, will join punk icon Kim Gordon for an interview at Cannes on Friday. The pair will headline the festival’s Breaking Through the Lens annual gala. (Source: Variety)
A Mike Figgis helmed documentary about the making of Francis Ford Copolla's Megalopolis was bought by Utopia. (Source: Deadline)
Netflix broke ground today on its new $900 million dollar East Coast production hub facility in New Jersey. (Source: NJ Biz)
Romanian director Cristian Mungiu's buzz-worthy new film Fjord, starring Sebastian Stan and Renate Reinsve has been acquired by Neon. (Source: Deadline)
Horror fan fave Cineverse has created a new Cineverse Motion Pictures Group, to be based out of LA. Yolanda Macias has been tapped as Chief Motion Pictures Officer. (Source: PR Newswire)
Indie distributor 1-2 Special has scored some major backing from top independent film financiers to fuel its theatrical-first strategy. (Source: Hollywood Reporter)
Now Hear This
The Town With Matt Belloni
Always a great listen, last week's episode (May 8th) previewed the 2025 summer blockbuster season. Get your popcorn ready!
📈 The Movie News Pro Stock Index
Market Close: May 13th, 2025
Our stock index closed up today, almost 1%. Fox was up 5% and the newly public Starz closed down 7%.
Noteworthy: We were underweighted in Netflix, so we sold off 3 shares of Dolby today, added that to our cash reserve, and then bought 1 more share of Netflix. We have $109 left in cash. We'll put that to use tomorrow, spreading it around some lower priced stocks.
Film Festivals
Cannes Film Festival, France - May 13-24
Marche du Film, France - May 13-21
Cine Las Americas International Film Festival, US - May 14-18
Harlem International Film Festival, US - May 15-18
Ridgefield Independent Film Festival, US - May 15-18
Seattle International Film Festival, US - May 15-25
Docaviv, Israel - May 22-31
Inside Out Toronto 2SLGBTQ+ Film Festival, Canada - May 23-31
Krakow Film Festival, Poland - May 25-June 1
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
📺 Watch This Tonight
There Will Be Blood (2007)
Directed by Paul Thomas Anderson
A riveting, Oscar-winning performance by one of our generation's best, Daniel Day-Lewis.
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. MovieNewsPro's Movie 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.
