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40-704: The five-day festival, incorporating the awarding of the Lions awards, is held yearly at the Palais des Festivals et des Congrès in Cannes , France . During the last week of June, around 15,000 registered delegates from 90 countries visited the Festival. They celebrated the best of creativity in brand communication, discussed industry issues, and networked with one another. The week's activities include multiple award ceremonies, as well as an opening and closing gala. Inspired by

80-509: A brothel paid for with company funds. Sorrell has denied these allegations. As of April 2021, WPP and Martin Sorrell remain entangled in a legal battle over a disputed payout over allegedly leaked information to media following Martin Sorrell's resignation. In 1997, he was appointed an ambassador for British business by the Foreign and Commonwealth Office and subsequently appointed to

120-575: A capacity of 2,300). It is the venue for the annual Cannes Film Festival ( Festival de Cannes ), and possesses "modern and high-tech facilities" for housing conferences throughout the year. [REDACTED] Media related to Palais des festivals et des congrès de Cannes at Wikimedia Commons This article about a European film festival is a stub . You can help Misplaced Pages by expanding it . Martin Sorrell Sir Martin Stuart Sorrell (born 14 February 1945)

160-410: A legitimate possibility but only in exceptional circumstances"; Sorrell was the first husband deemed to have met that criterion in a subsequent divorce settlement, with Mr Justice Bennett citing Sorrell's "special contribution" to the family's wealth in justification. Sorrell's three sons, Mark, Jonathan, and Robert, all followed him to Cambridge and later joined Goldman Sachs . Jonathan Sorrell

200-472: A share issue to fund the purchase. Sorrell's previous employer, WPP, claimed that he was using confidential information by pursuing the deal. In December 2018, S4 Capital purchased MightyHive for $ 150 million. In June 2019, S4 Capital acquired the Melbourne company BizTech. By this point, the company had 1,300 employees, including a number of ex-WPP employees. In October 2019, MightyHive announced that it

240-474: A £3.25m four-storey Georgian townhouse ; two Harrods underground car parking spaces worth around £90,000 each; £23.5m in cash; £2m in bank deposits; and other assets including stocks and shares. Despite the divorce settlement, Sorrell still had 13 million shares in WPP, an estimated £80m stake, following the divorce, representing around 1% of the company, plus his 2005 pay settlement award. The divorce settlement

280-652: Is a convention centre in Cannes , France. It is the primary venue for the annual Cannes Film Festival , the Cannes Lions International Festival of Creativity , and the NRJ Music Awards . The second building was unveiled in 1982. The first Palais des Festivals et des Congrès was built in 1949 to host the Cannes Film Festival. The original building was located on the boulevard of Promenade de la Croisette , on

320-572: Is a British businessman and the founder of WPP plc , the world's largest advertising and PR group, both by revenue and the number of staff. Upon being ousted in April 2018 following an investigation by WPP's board into personal conduct and use of company money, Sorrell was the longest-serving chief executive of a FTSE 100 company. He is consistently one of the UK's highest-paid corporate executives. According to The Sunday Times Rich List in 2019, Sorrell

360-581: Is deemed most creative both in idea and execution. In an article in The Guardian in 2009, WPP boss Sir Martin Sorrell said the Cannes Lions awards were too costly to enter. However, a year later, he also admitted that he had made sure that WPP was "very, very focused on Cannes" and wanted to be "the leader in terms of awards at Cannes". In 2011, WPP won the first Holding Company of the Year prize at

400-501: Is president of the hedge fund Man Group . Sorrell next married Cristiana Falcone, director of media and entertainment industries at the World Economic Forum . In February 2020 Falcone announced she was divorcing Sorrell, after twelve years of marriage, and he has described the process as sad and unpleasant. In April 2021, Sorrell was dating Caroline Michel, a literary agent whose clients include Bear Grylls . He

440-526: Is worth £368 million. Sorrell has served on boards and advisory bodies of a number of high-profile public, academic and business organisations, including several leading business schools, both in the UK and internationally. Martin Stuart Sorrell was born in London on 14 February 1945 to a Jewish family: his father was an electronics retailer, whose ancestors came from Ukraine, Poland and Romania. He

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480-858: The Cannes Film Festival , staged in Cannes since the late 1940s, a group of cinema screen advertising contractors belonging to the Screen Advertising World Association (SAWA) felt the makers of advertising films should be similarly recognized. They established the International Advertising Film Festival, the first of which took place in Venice , Italy , in September 1954, with 187 film entries from 14 countries. The lion of

520-1115: The Piazza San Marco in Venice was the inspiration for the Lion trophy. The second festival was held in Monte Carlo , and the third in Cannes. After that, the event alternated between Venice and Cannes before settling in the latter in 1984. New categories have been awarded in recent years: the Press & Outdoor Lions competition in 1992; the Cyber Lions in 1998 (retired after 2017); Media Lions in 1999; Direct Lions in 2002; Radio , and Titanium Lions in 2005; Promo & Activation Lions in 2006 (retired after 2017); Design Lions in 2008; PR Lions in 2009; Film Craft in 2010; Creative Effectiveness in 2011; Branded Content & Entertainment and Mobile Lions in 2012; Innovation in 2013; and Creative eCommerce and Social & Influencer in 2018. In 2018,

560-737: The modernist style by the architects Sir Hubert Bennett and François Druet, was constructed on the site of the municipal casino. It opened in December 1982, and was expanded in 1999 with the construction of the Espace Riviera , a new space of 10,000 square metres. In January 1992, the Society of Mixed Economy for the Events of the City of Cannes (SEMEC) was created to oversee the Palais. SEMEC

600-665: The BBC to defend large increases in his and other CEO pay packages at a time when real average wages in the Western world were declining. In May 2018, Sorrell acquired Derriston Capital, a cash shell listed on the London Stock Exchange , with plans to create a marketing company called S4 Capital . Sorrell invested $ 53 million of his money, and raised $ 15 million more from investors. In July 2018, S4 Capital purchased MediaMonks (now known as Monks) for $ 350 million, using

640-508: The Brexit terms have been finalized, stating that when "we finally see what the terms are of Brexit, then the electorate can be asked to reconfirm in whichever way possible, referendum or general election platform, that they still want to go ahead.” He also justified new investments in France, Germany, Italy and Spain as a means to protect WPP against immigration caps following Brexit, emphasising

680-534: The Festival launched a new category called the Innovation Lions, which are supposed to "honor the technology and innovation which facilitates creativity", Including recognition of the 'Top 10 Startups to Watch'. Additionally, global start-ups can apply for the Start-up Academy to receive festival passes and access mentorship sessions. Other awards include Holding Company of the Year, Network of

720-435: The Festival. Commenting on this industry recognition, WPP Worldwide Creative Director, John O'Keeffe, said: "Cannes is the only global, cross discipline show, covering advertising, design, digital, media, promo, effectiveness, and everything else besides. It doesn't aggregate the scores of other shows, so you can't inflate your ranking on the back of just one or two pieces of work. If you are number one at Cannes, you've done it

760-556: The Hyatt Hotel in Washington, Warren Buffett offered 925p per share, or a 20% premium over the then share price. In 2014, Sorrell received total compensation from WPP of GBP £40 million, his largest annual total since £53 million in 2004. In August 2017, Sorrel said that "digital disruption" was forcing companies to change their business models and reach customers in different ways when shares in WPP fell by more than 10% at

800-811: The Office's Panel 2000 aimed at rebranding Britain abroad. In 1999 he was appointed by the secretary of state for education and employment to serve on the Council for Excellence in Management and Leadership. He is chairman of the Global Advisory Board of the Centre for International Business and Management (CIBAM), at the University of Cambridge, UK. In 1998, he was appointed to the board of directors of associates of Harvard Business School and to

840-518: The U.K.'s benchmark FTSE 100 Index – having stewarded WPP since 1985. Sorrell left WPP in 2018. In 2005 his pay was £2.42 million including cash and bonuses. Further he exercised £52 million in share options, was entitled to a further £5.8million in stock, and deferred further options on another 2.65 million shares valued at £15 million until 2008. In 2011 Sorrell's pay package increased by 70% to £4.5 million after WPP's pre-tax profits rose 28%. In October 2011 Sorrell went on

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880-506: The Year, Media Agency of the Year, Agency of the Year, Independent Agency of the Year, Media Person of the Year, New Directors' Showcase , Advertiser of the Year, and the Palme d'Or to the best production company. Advertisements are generally entered by the agencies that created them, although technically anyone can enter any advertising creation, providing it ran within a specified time frame. The jurors are instructed to reward advertising that

920-425: The allegations. The Financial Times in an investigation around the circumstances of his departure from WPP has commented that what “emerged is a picture of routine verbal abuse of underlings and a blending of Sir Martin’s corporate and private life that jarred with some colleagues — particularly over his company expenditure, some of which was also extended to his wife”. This included allegations that Sorrell visited

960-574: The board of the Indian School of Business . On behalf of New York Mayor Michael Bloomberg , he chaired Media.NYC.2020, which reviewed the future of the global media industry, the implications for NYC, and suggested actionable next steps for the NYC government. Sorrell was a " Remainer " in the run up to the Brexit referendum , and has expressed support for a second referendum on EU membership once

1000-491: The creative community". The Young Lions Competitions (previously known as the Young Creatives competition, which started in 1995) is open to advertising professionals up to 30 years old working in teams of two. The competition takes place during the festival week in Cannes in seven divisions: print, digital, film, design, young marketers, media, and PR. Regional competitions are held in most countries to select teams in

1040-758: The festival from French businessman Roger Hatchuel – who had started managing it in 1987 – for a reported £ 52 million. In June 2014, the Wall Street Journal as well as Campaign Magazine Reported on Nimrod Kamer 's protestations at Cannes Lions. Philip Thomas is the Chairman and Simon Cook the Managing Director. Thomas is also the President and Chief Executive Officer of Ascential Futures, under which Cannes Lions operates. Cannes Lions juries are drawn from experts in each field from around

1080-663: The festival introduced several changes to better reflect the state of the modern communications world: including new categories, revising costs, and reducing the event from seven to five days. In the 1990s, the festival added programs of learning in the form of seminars and workshops. This side of the festival experienced considerable growth, featuring around 130 sessions in 2013's week. These included talks from Christopher Bailey , Jack Black , Jenson Button , Nick Cannon , Shepard Fairey , Arianna Huffington , David Karp , and Annie Leibovitz . In 2004, British publisher and conference organizer EMAP plc (now called Ascential ) purchased

1120-517: The hard way, the proper way, the only way". In 2013, the " Dumb Ways to Die " a campaign by McCann Australia for Australian company Metro Trains made history by winning a total of five Grands Prix awards, the most ever awarded to a single piece of work. The Lion of St. Mark is an honor given each year at the Cannes Lions International Festival of Creativity to "someone who has made outstanding contributions to

1160-421: The importance of freedom of movement of WPP's work force, 17 per cent of which are from EU countries other than the UK. Sorrell was first married to Sandra Finestone, with whom he has three sons, but the marriage broke down in 2003. In October 2005, he cashed in £12 million of WPP shares to fund the divorce settlement, in which Ms. Finestone, represented by Nicholas Mostyn QC, was awarded £30 million including:

1200-695: The involvement of an agency, 'Imago', in which WPP's Y&R subsidiary held a minority interest, with the ZANU-PF presidential campaign in Zimbabwe . A report by the Financial Times found out that Imago was employed by Robert Mugabe 's campaign for reelection to the presidency of Zimbabwe. WPP subsequently divested Y&R's minority interests in Zimbabwe. In 2012, Sorrell almost sold WPP to Berkshire Hathaway . According to Sorrell, over lunch at

1240-541: The lead-up to the Festival, with winners of these going into the final round of the competitions at Cannes Lions. A design competition was launched in 2012. In June 2012, Cannes Lions announced that it plans to launch a new two-day event for creative communications in healthcare, wellness, and sustainability. The event took place at the Palais des Festivals in Cannes, France, just before Cannes Lions kicked off on June 15, 2014. Over two days, it explored and debated essential and unique issues in healthcare communications. The move

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1280-820: The practice of the ‘earn-out’ . In 1985, Sorrell privately invested in Wire and Plastic Products plc , a British wire shopping basket manufacturer, and joined it full-time as chief executive in 1986. He began to acquire "below-the-line" advertising-related companies, purchasing 18 in three years, including in 1987 when he stunned the agency world with a $ 566 million hostile takeover of J. Walter Thompson . Sorrell followed this in 1989 with another dramatic hostile $ 825 million buy of Ogilvy and Mather . Group chairman David Ogilvy publicly referred to Sorrell as an "odious little shit". Since 2000, WPP also acquired two more integrated, global agency networks, Young & Rubicam and Grey . In June 2008 WPP drew criticism for

1320-616: The present site of the JW Marriott Cannes . That building previously hosted the 4th and 6th Eurovision Song Contests in 1959 and 1961, respectively. In response to the growing success of the Film Festival and the advent of the first business conventions (such as the MIPTV Media Market in 1965), the City of Cannes decided to build a new Palais in 1979. The new building, a six-story structure designed in

1360-436: The start of trading after the advertising giant reported slowing sales and warned about future growth. In September 2017, Sorrell criticised the marketing industry, arguing it is "too competitive" and that agencies value winning contracts, whether they are profitable or not, over content since making the headlines in a trade magazine is more important. In 2017, Sorrell became the longest-serving CEO of any company featured in

1400-607: The world. Each jury is headed by a jury president. They judge submissions in Film, Film Craft, Industry Craft, Digital Craft, Media, Print & Publishing, Outdoor, Direct, Pharma, Health & Wellness, Design, Radio & Audio, Mobile, Branded Content & Entertainment, Brand Experience & Activation, Creative eCommerce, Entertainment, Entertainment Lions for Music, PR, Creative Effectiveness, Social & Influencer, Creative Data, Innovation, and Titanium, as well as Glass: The Lion for Change and Sustainable Development Goals . In 2013,

1440-536: Was educated at the independent Haberdashers' Boys' School , then studied economics at Christ's College, Cambridge , and gained an MBA from Harvard University in 1968. Sorrell joined Glendinning Associates, then James Gulliver and then worked for the sports agent Mark McCormack . He joined Saatchi & Saatchi in 1975, and was group finance director from 1977 until 1984. Often referred to as "the third brother" , he identified and oversaw many of Saatchi's agency acquisitions. Sorrell undertook this by refining

1480-464: Was formed from the merger of three non-profit organizations, namely Cannes Tourism , the OMACC and the association Cannes Palais des Festivals et des Congrès . The Palais des Festivals is located at the top of Blvd. de la Croisette, east of the port. The venue has an overall area of 35,000 square metres, primarily for exhibitions, as well as numerous rooms plus 18 auditoriums (the largest of which has

1520-482: Was merging with ConversionWorks, a company which works with Boots , Diageo and Giffgaff . Other mergers include TheoremOne , and XX Artists, both in 2022. In 2017, following criticism about his pay from investors, Sorrell agreed to a pay cut that would have reduced his salary from £46 million in 2016 to £13 million by 2021. In April 2018, Sorrell left WPP after 33 years, following allegations of personal misconduct and misuse of company assets. Sorrell has denied

1560-535: Was unusual in being a 60/40 split in favour of Sorrell — a break from the previously established policy of a 50/50 split even in big-money divorces since an influential ruling by Appeal Court Justice Mathew Thorpe in the 2002 divorce between Harry and Shan Lambert established that the contribution to the household of non-working wives should be considered equal to their husbands'. In the Lambert judgement, Lord Justice Thorpe stated that "special contribution remains

1600-593: Was welcomed by some sections of the industry, with Jeremy Perrott, global creative director of McCann Health, commenting: "Lions Health gives the industry the highest stage to showcase its brilliance". In 2017 Lions Health was moved to take place at the same time as the main festival, but remains a standalone event in another part of the Palais. 43°33′03″N 7°01′02″E  /  43.5509°N 7.01725°E  / 43.5509; 7.01725 Palais des Festivals et des Congr%C3%A8s The Palais des Festivals et des Congrès ( Palace of Festivals and Conferences )

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