The videos show throngs of police in the streets as well as people running in fear and taking shelter underneath tables at nearby restaurants after hearing the false reports.
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However, shortly after the videos began to surface online, the city of Cannes issued a notice to residents, informing them that no shots were fired in the area.
"Don't worry, the situation is under control," reads a translation of the official statement. "We thank you for not conveying false information."
French politician David Lisnard further confirmed that there were no gunshots or a active shooter on the grounds. Additionally, he explained that the chaos erupted after an individual shouted "gunshot" in the streets.