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It is now celebrating its 71st edition in the south of France.

Jury members Cate Blanchett, Kristen Stewart, Lea Seydoux and Ava DuVernay were also on hand to witness the signing, The Hollywood Reporter confirmed.

Fremaux said he hoped that Cannes would embrace the new initiatives, which include a pledge to compile statistics tracking the gender of filmmakers and major crew members on all the films submitted to the festival. Jerome Paillard Executive Director, Marche Du Film Festival, Cannes Film Market stated that Indian Pavilion is a very important tool to help connecting the worldwide European and worldwide community of films.

Well now they're making headlines again as last night having staged a protest at the lack of gender equality within the festival itself.

"It is fundamental for the festival to be part of this", added Seydoux.

Organized by gender equality movement 50/50 by 2020, Ava DuVernay, Jane Fonda, and "Wonder Woman" director Patty Jenkins were among the group that walked in silence along the red carpet before stopping halfway up the steps of the entrance to the Palais des Festivals.

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Kristen Stewart shines in silver while attending the Women In Motion dinner held during the 2018 Cannes Film Festival on Sunday (May 13) in Cannes, France.

The number of women taking part is the same as the number of films directed by women to have been selected to feature at Cannes in its more than seven-decade history.

Women are not a minority in the world. The prestigious Palme d'or has been bestowed upon 71 male directors - too numerous to mention by name - but only two women - Jane Campion, who is with us in spirit, and Agn├Ęs Varda who stands with us today. "We are writers, producers, directors, actresses, cinematographers, talent agents, editors, distributors, sales agents and all involved in the cinematic arts".

The other two - Nadine Labaki's "Capernaum", and Alice Rohrwacher's "Happy as Lazzaro" - are to premiere next week.

Here's hoping one of the trio take out the award in an industry nod for diversity.