Cannes film festival opens with fittingly lavish 'Great Gatsby'

The sidebar section, Un Certain Regard, set up to recognize young filmmakers, will feature 19 films including "The Bling Ring" by Sofia Coppola starring Harry Potter actress Emma Watson about a real-life gang stealing from celebrities' homes.

"It is a strong line-up this year looking at the names of the directors, especially those in competition," said Wendy Mitchell, editor of the magazine Screen International.

"There are some very sellable films this year and the fact that business was down at the Berlin festival (in February) usually means that there will be keen buyers at Cannes."

Out of competition, hundreds of films will be shown in special sessions while 4,000 or so films, many yet to be made, will be haggled over in meetings along the Croisette, the resort's chic promenade, or on extravagant yachts moored nearby.

Patrick Wachsberger, co-chairman of Lionsgate Motion Picture Group, said he never had time to go to screenings but used Cannes to build buzz for new films including the second and third Hunger Games movies that start shooting later this year.

"You meet with distributors every 30 minutes and it really like going to the dentist," said Wachsberger. "The business seems more complicated than it used to be and a bit more frantic but the money at stake is higher and it's a bigger gamble."

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