Martin Scorsese is a director exceptionally in-touch with the power of classic cinema as an influence over his more modern work, even helping in efforts to preserve classic film through Scorsese's Film Foundation.

It was for these efforts, that the director received the first annual Robert Osborne Award on April 27, named after the beloved actor and TCM host who passed away last year.

Leonardo DiCaprio presented the award to Scorsese last Friday at the iconic Grauman's Chinese Theatre in Los Angeles, for the TCM Classic Film Festival which wrapped up Sun April 29.

Enjoy Scorsese's acceptance talk here on how classic film has influenced him and how seeing a worn copy of Billy Wilder's The Seven Year Itch clued him in to the pressing need to preserve these cinematic treasures.