Málaga is a city in southern Spain on the Mediterranean coast. It has a mild climate regulated by the nearby mountains and sea. Founded by Phoenicians in the 8th century BC, Málaga has a long history and was an important industrial center by the late 18th century. The city is known for its festivals, especially Holy Week, St. John's Eve with large bonfires, and the Maritime Procession of the Virgin of Carmen carried by boat. Famous native son Pablo Picasso co-founded the Cubist art movement.