Guests for the panel discussion preceeding the film included actor Jill Jones, director Albert Magnoli, producer Robert Cavallo, costume designer Marie France, actor/musician Jerome Benton, and actor/singer Apollonia.

It was moderated by Academy Governor Reggie Hudlin and Marcus Miller. Watch video highlights of the event below.

The film was set in Minneapolis, Prince's hometown, and it centers on a young rock musician, the Kid (Prince), looking to escape his abusive family life. The Kid dedicates himself to relentless rehearsals and performances at the First Avenue nightclub with his band, the Revolution, while trying to start a stable relationship with singer Apollonia.

Purple Rain grossed almost $70 million at the box office, sold over 20 million copies of the soundtrack, won an Oscar for Original Song Score and turned Prince into the sensation he remains today.