How COVID-19 changed the movie industry

At the Cannes Film Festival, the business of film hopes for a comeback.

July 18, 2021, 1:29 PM

CANNES, France -- It was almost a strange sight; packed movie premieres and actors again walking the red carpet at the Cannes Film Festival -- maskless- -- while throngs of photographers snapped away.

With going to the movies put on hold for more than a year, and the festival canceled last year due to the pandemic, even some of the stars were struck by what felt like a return to normal.

"I was a little overwhelmed last night, and I'm really glad that we're here this year. Because I think we'll all look back and remember launching out of COVID -- and what a way to do it," said actor Matt Damon, who teared up after the standing ovation he received at the premiere of his new film, "Stillwater."

The Cannes movie market attracts thousands of directors, producers, sales agents and distributors from around the world try to get their movies made, bought, sold or distributed.
Ines De La Cuetara/ABC News

Listen to the podcast covering the Cannes festival and the state of the movie industry here: