Smaller studios are hopeful at Cannes while the majors are struggling.

Despite the fact that their industry has been turned upside down by the rise of streaming services like Netflix, independent film studios are full of hope as they prepare for the upcoming Cannes Film Festival. In spite of the uncertain global economy, buyers are still active at festivals, a pattern that is expected to continue, according to Todd Brown, head of international acquisitions at U.S.-based XYZ Films. The glitz and glamour of Cannes ....