"Francis Ford Coppola is a peerless artist - one who has created seminal works in the canon of American film, and has also inspired generations of filmmakers who now embody his artistry and his independent spirit," said producer Kathleen Kennedy, chair of the AFI board of trustees.
"Megalopolis" is "a spectacle" that "deserves praise and awe," according to Chronicle movie critic Mick LaSalle, despite mixed reviews and poor audience reception.
Coppola emphasized he was compelled to make "Megalopolis" as an artist, not as a businessman, self-financing the film by selling part of his wine empire.
"Everyone's so worried about money. I say: Give me less money and give me more friends... Money is very fragile," Coppola shared.
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