Naturally, the film industry in Latin America is not as powerful as that in Hollywood. Most of the films which arrive at movie theaters in Latin America come from USA. But countries such as Argentina, Brazil, and Mexico produce good and interesting films, which usually achieve notable success domestically.
Some local productions even arrive at the important film festivals in Cannes, Venetia, Montreal, and more, and receive excellent marks from critics.  Frequent awards and international acclaim result from those festivals.

Some of the new classics from Mexico are Amores Perros (2000) and Y tu mama tambien (And your mother too, 2001). Both show authentic social experience within their respective reagins.  Cidade de Deus (City of God, 2002) depicts two boys growing up in a violent neighborhood in Rio de Janeiro, Brazil.