A number of Hollywood stars attended the gala on January 4 at the convention center in Palm Springs, California, reported Variety.
Bullock, 49, who was praised for her role in 'Gravity', was handed the Desert Palm Achievement Award along with 'Dallas Buyers Club' actor Matthew McConaughey.
Streep picked up Icon Award, and 'Captain Phillips' actor Hanks was given the Chairman's Award.
During her acceptance speech, Bullock cracked a joke about one of the rumours she found when googling herself on the internet.
Streep, was humbled by her award and said, "I don't feel like an icon. Most of the days I feel like 'I can't.'"
Hanks, who received his award from Julia Roberts talked about his experiences of shooting his two high-profiled movies 'Captain Phillips' and 'Saving Mr Banks'.
Roberts herself took home Spotlight Award, presented by her 'August: Osage County' co-star Ewan McGregor.
Other winners were U2's Bono for Visionary Award, Lupita Nyong'o for Breakthrough Performance Award, 'American Hustle' cast for Ensemble Performance Award, and 'Saving Mr Banks' composer Thomas Newman for Frederick Loewe Award for Film Composing.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
