OIivia Coleman in The Favourite Photo: Twentieth Century Fox. All Rights Reserved
The award will be presented to her on January 3 by her co-star Emma Stone.
Festival chairman Harold Matzner said: “In The Favourite Olivia Colman steals the show as a frail and aloof Queen Anne, whose attention is being sought by two scheming cousins.”
It is just the latest awards recognition for Colman for the role. She has already received a Golden Globe nomination for Best Actress in a Motion Picture – Musical or Comedy, a Screen Actors Guild nomination for Outstanding Performance by a Female Actors in a Leading Role, and two Critics’ Choice Award nominations in the categories of Best Actress and Best Actress in a Comedy. She also received Best Ensemble Performance from the Gotham Awards alongside Emma Stone and Rachel Weisz as well as the Volpi Cup at the Venice Film Festival and a Best Actress Award from the BIFAs and Los Angeles Film Critics Association.
She joins previously announced honorees Glenn Close, Bradley Cooper, Alfonso Cuarón, Regina King, Spike Lee, Rami Malek, Melissa McCarthy and the film Green Book, who will receive accolades at the festival, which runs from January 3 to 14.