The Los Angeles Film Festival recently received a total of $150,000 from the Academy Foundation of the Academy of Motion Picture Arts and Sciences. The festival will get $50,000 in 2006 and another $50,000 per year for the next two years afterward. The L.A. Film Festival is the second one to receive this award, with Colorado's Telluride Film Festival having been the first to receive it last year. The idea behind the grant is to encourage festivals to be more daring in their choices. [Aileen Torres]