The 81st Venice International Film Festival commenced on August 28, 2024, showcasing a diverse array of films, including the comedy horror 'Beetlejuice Beetlejuice' directed by Tim Burton, and concluding with the Italian film 'L’American yard' on September 7. This year, the festival features 21 contenders vying for the prestigious Golden Lion award, with past winners often becoming Oscar nominees. Notable celebrities such as Brad Pitt, George Clooney, and Angelina Jolie are expected to attend, adding star power to the event. The festival holds historical significance as a launching pad for many Best Picture nominees, although recent years have seen a shift in where these contenders premiere. The Venice festival is part of a critical trio that includes Telluride and Toronto, which together have traditionally set the stage for the Academy Awards. With the festival underway, industry insiders are closely watching for potential Oscar contenders from this year's lineup.