Netflix has officially pulled out of the the Cannes Film Festival due to a change in the festival’s rule regarding distribution.

Last year, Cannes made the groundbreaking decision to include Netflix to screen films as a part of the competition. It seemed to be a really great experience for Netflix, as they were given the opportunity to screen Okja and The Meyerowitz Stories, which received critical acclaim but no awards. However, that critical acclaim heightened excitement for the release of each of those films, which is a pretty great advertising strategy. Then Cannes changed the distribution rules, requiring theatrical distribution for participating films that outright inhibits Netflix from participating. So in light of this new rule, Ted ...

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