Perhaps as time goes on, Cannes will eventually go the way of other major public events
“The festival staff members are currently working to prepare the event scheduled, as usual, the second week of May,” organizers said.
“We remain reasonably optimistic in the hope that the peak of the epidemic will be reached at the end of March and that we will breathe a little better in April,” he said. “But we are not oblivious. If not, we will cancel.” One early theory about Cannes’ refusal to cancel is that the festival’s insurance policy may not be up to snuff, leaving the organization vulnerable to a punishing financial blow. Lescure addressed those reports, saying the festival was approached about by an insurance company “about 10 days ago, but it was totally disproportionate. We were only offered to cover ourselves up to $2.3 million, while our budget is $36 million. It was really peanuts.
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