 Magnifico gained international acclaim as an indie film in major international film festivals gaining 31 wins and 11 other nominations.It won the Crystal Bear for the 2004 Berlin International Film Festival Children's Category as well as the "Deutsches Kinderhilfswerk Grand Prix".In the same year, it also garnered seven major awards in the FAMAS Awards, seven awards in the Gawad Urian Awards, seven awards in the Golden Screen Awards and six awards in the FAP Awards in its home country.