Claim: My Own Private Idaho premiered at an annual film festival.

The Venice Film Festival or Venice International Film Festival -LRB- Mostra Internazionale d'Arte Cinematografica della Biennale di Venezia , `` International Exhibition of Cinematographic Art of the Venice Biennale '' -RRB- , founded in 1932 , is the oldest film festival in the world and one of the `` Big Three '' film festivals alongside the Cannes Film Festival and Berlin International Film Festival .   The film festival is part of the Venice Biennale , which was founded by the Venetian City Council in 1895 . Today , the Biennale includes a range of separate events including : the International Art Exhibition ; the International Festival of Contemporary Music ; the International Theatre Festival ; the International Architecture Exhibition ; the International Festival of Contemporary Dance ; the International Kids ' Carnival ; and the annual Venice Film Festival , which is arguably the best-known of all the events .   The film festival has since taken place in late August or early September on the island of the Lido , Venice , Italy . Screenings take place in the historic Palazzo del Cinema on the Lungomare Marconi and in other venues nearby . Since its inception the Venice Film Festival has grown into one of the most prestigious film festivals in the world .   The 74th Venice International Film Festival is scheduled to be held from 30 August to 9 September 2017 .