Peter Jackson and Elijah Wood reunite at the Cannes Film Festival as Jackson receives an Honorary Palme d’Or. The presentation takes place during the opening ceremony of the 79th edition of the festival on Tuesday night, with Wood—who played Frodo Baggins in The Lord of the Rings—handing Jackson the honorary award.

In connection with the moment, Wood recounts meeting Jackson when he was 18, after submitting an audition tape. The two then share remarks that frame the award as recognition of Jackson’s work on the trilogy.

Jackson credits the festival and describes the production as a significant risk, characterizing the decision to make the films as a “huge gamble.” Both accounts emphasize the reunion element of the ceremony, highlighting Wood’s role in honoring the director and Jackson’s acknowledgement of the circumstances surrounding the franchise.

The reports agree on the key event: Jackson receives the honorary Palme d’Or from Wood at Cannes’ opening ceremony, with both reflecting on their earlier connection and the franchise’s scale.