David O. Russell
The New York Times David O. Russell

David O. Russell will accept Variety's Indie Impact Award at the upcoming Palm Springs International Film Festival (January 3-14), celebrating the "Silver Linings Playbook" filmmaker for his contributions to the art and business of cinema.

Variety's executive editor Steve Gaydos states:

"Since he emerged as a wildly funny and extremely independent voice in American film nearly 20 years ago, writer-director David O. Russell has continued to delight and surprise fans of his unique cinematic vision. Along the way his comic touch has been reaffirmed in films like Flirting With Disaster and his current Oscar-contender, ‘Silver Linings Playbook,’ but as is clear in ‘Playbook,’ there is always a deep truth beneath the laughs in a David O. Russell film."

Previous recipients of the Indie Impact Award include Philip Seymour Hoffman, Charlize Theron and Mark Wahlberg.

Also at PSIFF, Variety will conduct its annual 10 Directors to Watch event, honoring a slew of filmmakers likely to land on the map in 2013. Check out this year's list of names here.