Film distributor NEON is on an absolutely incredible run at the Cannes Film Festival, picking up its sixth straight Palme d'Or victory on Saturday for filmmaker Jafar Panahi's It Was Just an Accident.

In the run-up to the Academy Awards, Neon took a unique approach to scoring the season’s top prize for “Anora.” While other studios spent their money on tried-and-true strategies, from tastemaker ...