Since 1998, every year, early in August, Yugoslav Film Festival has been organized in the Kanli tower in Herceg Novi. It has a competition character, and it gathers many domestic filmmakers. Almost all segments of film production are assessed, and a five-member jury awards the most successful ones festival Grand Prix, as well as golden, silver and bronze “Mimosas”.

Except for nominations and presentation of domestic films made between two festivals, numerous shows and discussions on the film production, as well as on other topics related to this subject, are also organized.

The organizer of the Yugoslav Film Festival is JUK Herceg Novi, supported by the Ministry for Culture of the Republic of Montenegro and the Assembly of Herceg Novi Municipality.