Peter Jackson receives honorary Palme D’Or as Cannes flaunts star power despite Hollywood's retreat

CANNES: The 79th Cannes Film Festival opened Tuesday with politics, artificial intelligence and the shifting priorities of Hollywood taking center stage at the film gathering on the French Riviera. The festival launched with a tribute to director Peter Jackson, handing the “Lord of the Rings” filmmaker an honorary Palme d’Or. He was introduced by actor Elijah Wood, who played Frodo Baggins in Jackson's fantasy franchise, one of many notable faces on the Cannes red carpet, including Bong Joon Ho, Joan Collins, Heidi Klum and James Franco.