The Cannes Film Festival continues to play an influential role in shaping the Oscar race, particularly with strong support from the international members of the Academy. Recent films that premiered at Cannes, such as "Anora," which won Best Picture at the Oscars, and "Emilia Pérez," have reaffirmed the festival's status as a key tastemaker. Cannes selections, including dramas and comedies like "Anora" and "The Substance," have also achieved notable commercial success, collectively grossing around $40 million domestically. "The Substance" was notably marketed as a horror film, contributing to its box office performance. Industry observers highlight that winning the Palme d’Or at Cannes now almost guarantees a Best Picture nomination, reflecting the festival's growing global influence on the awards season. Neon, the distributor behind "Anora," is leveraging its recent Oscar success to strengthen its presence at Cannes and expand its film library, positioning itself for potential acquisition. The festival's ability to generate sustained attention and build a long global runway for films underscores its importance in the current cinematic landscape.