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Netflix boss rails against the 'establishment' at Cannes

Netflix boss Reed Hastings is picking a fight with the Cannes Film festival, where Netflix is showing movies this year for the first time. But Cannes just made a new rule, stipulating a film can only qualify for its competition if it has a theatrical release in France. Netflix rarely has those. So Hastings posted on Facebook saying, "The establishment is closing ranks against us." Yahoo Finance's Alexis Christoforous, Rick Newman and Nicole Sinclair discuss.