The Venice Film Festival or Venice International Film Festival is the oldest film festival in Europe and the world. It is one of the "Big Five" film festivals, alongside the Cannes Film Festival in France, the Berlin International Film Festival in Germany, the Toronto International Film Festival in Canada and the Sundance Film Festival in the United States.
The Big Five are internationally acclaimed for giving creators the artistic freedom to express themselves through film. Founded in Venice, Italy in August 1932, the festival is part of the Venice Biennale, one of the world's oldest exhibitions of art, founded by the Venice City Council on 19 April 1893.
The festival is held in late August or early September on the island of the Lido in the Venice Lagoon. Screenings take place in the historic Palazzo del Cinema on the Lungomare Marconi. The festival continues to be one of the world's most popular and fastest-growing.
According to en.wikipedia