Legacy
David Thomson writes: I was fortunate enough to know Michael Powell in the last decade of his life. he was in America a good deal at that time: teaching for a term at Dartmouth; as director emeritus with Coppola's American Zoetrope, as treasured Merlin in the court of Scorsese; and in his marriage to the editor, Thelma Schoonmaker. I had the chance to watch many of his films with him, discussing them and learning the passion of his vision. It is all the more agreeable now to see Michael's influence spreading: the ardent antirealist has inspired so many people; the man in love with color, gesture, and cinema helped to educate viewers as well as filmmakers—not lest in the two volumes of his autobiography, A Life in Movies ... The great Powell and Pressburger films do not go stale; they never relinquish their wicked fun or that jaunty air of being poised on the brink. To put an arrow in our eye—to leave a nurturing wound—that was Michael's eternal thrill. I do not invoke the figure of Merlin lightly: Powell was English but Celtic, sublime yet devious, magical in the absolute certainty that imagination rules.
He is cited as a major influence on many filmmakers such as Francis Ford Coppola, George A. Romero, Brian De Palma, Bertrand Tavernier, Martin Scorsese, and Ridley Scott. Thelma Schoonmaker (Scorsese's long-time film editor and Powell's third wife) said of Scorsese, "Anyone he meets, or the actors he works with, he immediately starts bombarding with Powell and Pressburger movies." In 2014, Scorsese and Schoonmaker were working on restoring Powell's films, beginning with The Red Shoes and The Life and Death of Colonel Blimp.
The Michael Powell Award for the Best New British Feature was instigated in 1993 at the Edinburgh International Film Festival (awarded 1993–2010 and 2012–2021). It was sponsored by the UK Film Council and was "named in homage to one of Britain's most original filmmakers".
Pinewood Studios, where Powell made many of his most notable films, has named a mixing theatre in the post-production department after him: The Powell Theatre. A giant picture of the director covers the door to the theatre, where many well-known films are mixed.
The Film, Radio and Television Department of Canterbury Christ Church University has its main building named after him: The Powell Building.
He has been played on screen by Alastair Thomson Mills in the award-winning short film Òran na h-Eala (2022) which explores Moira Shearer's life changing decision to appear in The Red Shoes.
A celebration entitled 'Cinema Unbound: The Creative Worlds of Powell and Pressburger' was held by the British Film Institute in 2023, including a UK-wide programme of films and an exhibit of production and promotion materials from The Red Shoes.
Powell's work was explored in the documentary Made in England: The Films of Powell and Pressburger (2024), with narration by Martin Scorsese.