Hollywood's brightest stars turn out for the American Film Institute Awards

Everyone has ended up walking away a winner at the American Film Institute Awards

BEVERLY HILLS, Calif. -- Laughs and hugs were shared between Hollywood's best — including Margot Robbie, Meryl Streep and Leonardo DiCaprio — during a celebratory ceremony where everyone ended up walking away a winner at the American Film Institute Awards on Friday.

The annual invite-only luncheon honored 10 films and 10 television shows with well-spoken words about each celebrated project followed by a brief clip of a scene.

“Welcome to the annual AFI group hug,” institute President Bob Gazzale said as many in the audience chuckled. “For those who are new to this humble affair, the answer is ‘No. ... No.' You are not going to lose. Losing doesn't happen here."

Most appeared in a jovial mood with smiles and lengthy conversations in the ballroom in Beverly Hills.

Robbie chatted for a while with “Oppenheimer” director Christopher Nolan, who eventually pivoted to shake hands with Robbie's “Barbie” castmate America Ferrera. “Maestro” stars Bradley Cooper and Carey Mulligan enjoyed their time together on the red carpet while “Beef” star Ali Wong caught up with Ted Sarandos, co-CEO of Netflix.