The Cannes Marché chief Jerome Paillard confirmed the news, saying for those unable to attend to coronavirus-related restrictions, they are looking into running a virtual market alongside the physical market on the same dates.
Cannes has confirmed that they are working on a virtual market plan as a contingency option should the film festival be unable to run physically from May 12-23, according to Deadline.
The virtual market would include online screenings for different time zones, online meetings, and live streaming of events.
If the physical festival and market is unable to take place, Paillard pointed out that a virtual version would still be able to operate.