Although many different kind of festivals take place at Italy, Venice's film festival is the oldest in the world, founded in 1932 by Giuseppe Volpi. The films are screened in the famous Palazzo del Cinema. It is one of the world's most prestigious film festivals and is part of the Venice Biennale, a major biennial exhibition and festival for contemporary art.
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The festival's most important award is the Leone d'Oro, which is given to the best film of the festival, followed by the Leone d’Argento, which is given irregulary in adition to the Golden Lion, and sometimes has also been given for debut films, short films and direction. In addition, the Coppa Volpi is awarded to the best actor and actress, and finally, in 2002, the San Marco Award was introduced for the best film of the Controcorrente ("Against the stream") section.
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