The jury for "Un Certain Regard", which will be headed by Uma Thurman, includes Egyptian director Mohamed Diab, French actor Reda Kateb, Belgian director Joachim Lafosse and the artistic director of the Karlovy Vary Film Festival, Karel Och.
Almodovar, the filmmaker behind Julieta and Volver, added he doesn't "perceive the Palme d'Or [should be] given to a film that is then not seen on the big screen".
The Cannes Film Festival runs from May 17 through May 28.
"I personally don't perceive the Palme d'Or [should be] given to a film that is then not seen on the big screen", Almodovar said to the room full of worldwide journalists assembled at the Palais. "You must be small and humble in front of the image that's here". "In my house, Netflix has been nothing but an absolute benefit", he said, according to ABC News.
"I see very little cross between going to the cinema and watching what they watch on Netflix in my home", he said.
"I do acknowledge them, but (as long) as I'm alive, I'll be fighting for one thing that I'm afraid the new generation is not aware of: the capacity of hypnosis of the large screen for the viewer".
The sci-fi film was produced by three Hollywood studios - Plan B, Lewis Pictures and Kate Street Picture Company - and stars Tilda Swinton, Jake Gyllenhaal of "Nightcrawler" and "Everest", and Paul Dano of "Love & Mercy" and "12 Years a Slave".
Netflix allows Smith's children to "watch films they otherwise wouldn't have seen".
Smith, who has not had a film play at Cannes before, was dapperly dressed and cheerfully posing with festival-goers who screamed "Will!"
Regarding the controversy over its limited screenings in theaters, which has brought about criticisms from the cinema industry, Sarandos said that Netflix is "not against movie theaters" and does not "mean to harm movie theaters", but rather, wishes to coexist with them.
Security was greater than ever at the French festival, which has stepped up efforts to restrict access, added more metal detectors and even introduced an anti-drone system.
Ten months after a truck attack in nearby Nice killed 86 people, concrete barriers - in the form of giant flower pots - have been set up to try to block any similar assault. At the press conference, immediately the subject of Netflix vs. Cannes came up- Netflix is showing two movies that won't be in French cinema, only on their service.
Italian actress Monica Bellucci will host the gala opening ceremony on Wednesday night, with French drama "Ismael's Ghosts", starring Marion Cotillard, as the opening film. This year, Turkish cinema does not appear in any of the sections, except one title: Şerif Gören's "Yol" will be screened in the' Cannes Classics' section, among 16 masterpieces selected from the 69 years of the festival.