'Citizen Kane' dethroned by 'Vertigo' as greatest film of all time

vertigo-poster.jpgAfter 50 years of holding the title Greatest Film of All Time, "Citizen Kane" has been bumped down to No. 2 on the list by Alfred Hitchcock's "Vertigo." The results were announced Wednesday (Aug. 1) by Sight & Sound in its once-a-decade poll of the world's greatest films.

Orson Welles' 1941 movie about the financial rise and ultimate moral fall of a newspaper mogul -- Charles Foster Kane -- loosely based on real-life newspaper magnate William Randolph Hearst. It's influence can be felt in everything from current cinema to "The Simpsons."

PHOTO GALLERY: 2012 Summer Movie Guide

"Vertigo" -- Hitchcock's 1958 psychological thriller starring Jimmy Stewart and Kim Novak -- has long been considered one of the director's best films. In 1989, the movie was recognized as a "culturally, historically and aesthetically significant" by the Library of Congress.

The full list released by Sight & Sound:

1. "Vertigo"
2. "Citizen Kane"
3. "Tokyo Story"
4. "The Rules of the Game"
5. "Sunrise"
6. "2001: A Space Odyssey"
7. "The Searchers"
8. "Man With a Movie Camera"
9. "The Passion of Joan of Arc"
10. "8 1/2"