The American Cinematheque will honor DreamWorks Animation CEO Jeffrey Katzenberg with the first-ever Sid Grauman Award at the group’s annual benefit gala October 30. The award was started this year to honor an individual who has made a significant contribution to the Hollywood film industry in the continuing advancement of theatrical exhibition. It will be bestowed alongside the American Cinematheque’s usual honor, this year going to actor-producer Reese Witherspoon.

“Jeffrey Katzenberg is the ideal inaugural recipient of the American Cinematheque’s Sid Grauman Award, Cinematheque chairmain Rick Nicita said in announcing the award today. “Both Grauman and Katzenberg advanced the successful exhibition of motion pictures around the world: Sid Grauman with his movie palaces that included the Egyptian and Chinese theatres and Jeffrey Katzenberg with his dynamic leadership as a business and creative force at the top of several major iconic movie companies. Jeffrey is a distinguished and deserving honoree to carry on the legacy of a film pioneer like Sid Grauman.”

The group touted DWA’s innovative distribution models that included booking The Prince Of Egypt the Egyptian Theatre in 1998. That’s the LA venue founded by Grauman and owned by the Cinematheque which restored it. Grauman opened it before he built the Chinese Theatre in Hollywood.