Brazil, which is having a banner start of the year with Walter Salles’ “I’m Still Here” nominated for three Academy Awards including best picture, has been named country of honor for the upcoming edition of the Cannes Film Market.

I’m Still Here,” a film about a family torn apart by the military dictatorship that ruled Brazil for more than two decades, gave Brazil's first Oscars win on Sunday in the best international film category.

Ever since Walter Salles' Brazilian political drama I'm Still Here debuted to acclaim at last September's Venice Film Festival, Brazilian star Fernanda Torres has been cutting a historic path through Hollywood's awards season.

Capitalising on enthusiasm from local Brazilians and awards season buzz, Altitude helped I'm Still Here land the U.K.'s biggest Latin American opening

The film is based on a true story set in 1970s Rio de Janeiro, when Brazil was living under a military dictatorship.

Torres is the second Brazilian to be ever nominated in the Best Actress category, following her mother's nomination in 1999.

The Oscars red carpet is not just a make-or-break moment for Hollywood’s biggest stars – it’s also a prime opportunity to shine for the powerful executives and producers who finance and shepherd the year’s best movies.