Held in mid-to-late August at the Palácio dos Festivais, the Festival de Cinema de Gramado is Brazil's most prestigious film festival. Founded in 1973, it now also has a Latin American competition and screens features and shorts from across the continent. The festival is a serious cultural event rather than a celebrity circus — it has launched many Brazilian careers.
Public screenings are open to anyone who buys a ticket, and the atmosphere on the streets during festival week is exuberant. The Palácio dos Festivais, the modernist concrete building where the awards take place, is the venue.