Cannes 2012: How Superyachts Play a Big Role in Festival’s Deal-Making

Superyachts at anchor off Cannes are synonymous with the Cannes Film Festival.  It seems that financiers, banks and producers pay big bucks to use them to conduct business in the shadow of the Palais.

A story that first appeared in an issue of The Hollywood Reporter magazine explains how it is done.

Wether or not the superyacht industry is flattered by the statement contained therein which says, “Vessels converge there every year, turning the jetty into something akin to a luxury trailer park on water,” remains to be seen