Palais des Festivals

In January 1992, the Society of Mixed Economy for the Events of the city of Cannes (SEMEC), was created to manage the Palais. SEMEC is the merger of three non-profit organizations: Cannes Tourism, the OMACC and the association Cannes Palais des Festivals et des Congrès. Under the auspices of the city of Cannes, SEMEC various responsabilities in the domain of public service include the promotion of Cannes by developing leisure tourism for individuals and groups, the marketing of business tourism and the management of the Convention and Visitors Bureau, the Palais des Festivals et des Congrès, and Cannes cultural events. SEMEC is structured to function as a private company, yet maintain high public visibility. SEMEC has a budget of 2.3 million Euros, 80% of which is earmarked for Cannes’ public sector. The rest is used for the city’s private sector of local partners in tourist development (palaces, destination management companies, the Caisse d’Epargne and the Chamber of Commerce and Industry).