Venice Film Festival: 7 reasons why it is the most glamorous in the world | CNN

US actress Emma Stone poses on the red carpet as she arrives for the screening of the movie "La La Land" at the opening ceremony of the 73rd Venice Film Festival, on August 31, 2016 at Venice Lido. / AFP / TIZIANA FABI (Photo credit should read TIZIANA FABI/AFP/Getty Images)

The world's most glamorous film festival?

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Editor’s Note: This story was originally published in September 2017.

CNN —

Founded in 1932 as part of the Venice Biennale, the Venice Film Festival is the oldest film festival in the world and, in many respects, the most traditionally glamorous.

Perhaps it has to do with the canals. Stars navigating the city by boat have turned its canals into floating red carpets – perfect for a photo-op, as decades of celebrities and photographers have found out.

The A-list guests of this year's Venice Film Festival have upheld its stylish legacy. Penelope Cruz attended the premiere of her film "Loving Pablo," in an Atelier Versace gown. The film depicts the controversial love story between drug lord Pablo Escobar and the glamorous journalist Virginia Vallejo (played by Cruz).

Stefania D'Alessandro/WireImage/Getty Images

Jennifer Lawrence walked the red carpet at the opening of her new film "Mother!" wearing a Dior gown. Directed by Darren Aronofsky, the film has been well-received by critics.

Filippo Monteforte/Getty Images

Sisters Kate Mulleavy (far left) and Laura Mulleavy (far right) of American fashion house Rodarte premiered their first feature-length film, "Woodshock," at this year's festival. The lead role is played by friend and muse Kirsten Dunst (middle) with actors Pilou Asbaek (second from right) and Alberto Barbera (second from left) joining the cast as well.

Stefania D'Alessandro/WireImage/Getty Images

Kristen Wiig joined co-stars at the premiere of Venice's opening film "Downsizing."

Lehman/Barcroft Media/Getty Images

George Clooney is a regular at the Venice Film Festival. This year he attended with wife Amal Clooney for the screening of his latest directorial feat "Suburbicon."

Elisabetta A. Villa/WireImage/Getty Images

Academy Award-winner and political activist Susan Sarandon channels Old Hollywood style on the red carpet at this year's Venice Film Festival.

Franco Origlia/Getty Images

The Franca Sozzani Award was presented to Julianne Moore this year. The prize is named after the Italian Vogue Editor who died in December, 2016.

Elisabetta A. Villa/WireImage/Getty Images

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7 reasons why Venice is the world’s most glamorous film festival