The Cannes Film Festival is an annual film festival held in Cannes, France, showcasing new films from around the world. One of its most prestigious awards is the Palme d'Or, which translates to "Golden Palm." This award is given to the best film in the official competition and is highly sought after by filmmakers. The Palme d'Or was first introduced in 1955 and has since become a symbol of excellence in cinema. Winning this award can significantly boost a film's visibility and success, making it a coveted honor for directors and actors alike.