The Venice Film Festival or Venice International Film Festival is the oldest international film festival in the world. Founded by Count Giuseppe Volpi in 1932 as the "Esposizione Internazionale d'Arte Cinematografica", the festival has since taken place every year 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. It is one of the world's most prestigious film festivals and is part of the Venice Biennale (Italian Biennale di Venezia), for over a century one of the most prestigious cultural institutions in the world (founded in 1895).