The real business in Cannes this year is going on in the port, where the yachts of Big Money are parked -- French-Tunisian media financier Taraq Ben Ammar, ex-Microsoft mogul Paul Allen (who has Mick Jagger aboard) and the Isle of Man fund. Agents and producers parade in and out, paying homage and aggressively offering friendship to cash-rich newbies like Pennsylvania billionaire Norton Herrick.
The minds of Hollywood are particularly concentrated on where the money lies at a time when money is particularly scarce.
This was reflected in the high-end turnout at the IM Global-Big Reliance cocktail party, where the chairman of the Indian multi-billion-dollar media giant Ammit Khanna found himself surrounded by new buddies from Comerica and Citibank.
Read more at: TheWrap