Story perspectives

Neon CEO Projects $100M Backrooms, Announces Stake Sale, Seventh Palme

6/5/2026

Summary

Story summary

Neon CEO Tom Quinn projected that Backrooms will exceed $100 million domestically and said it, along with Obsession, attracts younger viewers who set aside phones.
Quinn warned that the industry’s “Uber-ization” – focus on stock prices and consolidation – stifles creativity.
He announced Neon is negotiating a stake sale with Department M, has acquired 70 Up by Asif Kapadia, and marked a seventh Palme d’Or, surpassing Michael Jordan’s six NBA titles.

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Story summary

Neon CEO Tom Quinn projected that Backrooms will exceed $100 million domestically and said it, along with Obsession, attracts younger viewers who set aside phones.
Quinn warned that the industry’s “Uber-ization” – focus on stock prices and consolidation – stifles creativity.
He announced Neon is negotiating a stake sale with Department M, has acquired 70 Up by Asif Kapadia, and marked a seventh Palme d’Or, surpassing Michael Jordan’s six NBA titles.