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Due to recent changes to the rules of the coveted category, nine movies including 'The Artist' and 'Hugo' are eligible to enter the list.
While the Terrance Malick-directed drama wins four prizes, including the coveted Best Picture award, Michelle Williams and Michael Shannon are named the Best Actress and Actor respectively.
Praised for his distinguished roles in 'The Tree of Life' and 'Moneyball', the actor is also chosen because of the 'depth and versatility of his performances'.
The 21st annual Gotham Independent Film Awards also sees 'Pariah' helmer Dee Rees winning Breakthrough Director and 'Like Crazy' star Felicity Jones collecting Breakthrough Actor.
Jury president Robert de Niro presented the Palme d'Or prize to the Terrence Malick-directed movie on Sunday, May 22, stating that the film was 'terrific'.
Pitt was in town to promote his film 'The Tree of Life' at the 64th Cannes Film Festival, along with his long-time partner Jolie and co-stars Jessica Chastain and Sean Penn.
This last part of Summer Movie Guide offers a more varied option of movies for sci-fi geeks, scary movie fans and drama lovers from J.J. Abrams' 'Super 8' to Terrence Malick's 'Tree of Life'.
Expect a heavy competition between Lynne Ramsay's school-shooting drama and Paolo Sorentino's Sean Penn-starring movie.
Terrence Malick's new coming-of-age drama 'The Tree of Life' and Zack Snyder's fantasy battle 'Sucker Punch' are some films which make the list of potential hits this year.
The one-sheet highlights one scene in the trailer where a baby boy has just been born, while the video follows him as he grows up.
Torn between two values taught by his parents, adult Jack is a lost soul in a modern world before learning life's single most important lesson of unselfish love.
Beside Pitt's O'Brien who is pictured alongside a boy, Sean Penn's Jack is also captured in another image from the first trailer of the drama.