The Cannes Film Festival is a prestigious international industry film festival. It has been held annually in the resort town of Cannes, in the south of France, since 1946 with a few exceptions.
Given massive media exposure, the Festival is attended by many movie stars and is a popular venue for movie producers to launch their new films and attempt to sell their works to the distributors who come from all over the globe.
The most prestigious award given out at Cannes is the Palme d'Or (Golden Palm) for the best film; this is sometimes shared by multiple films in one year. The jury of the festival, made of a small international selection of movie professionals, however grants other awards, include the "grand prize" (the second most prestigious award).