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Tributes and honours

As a tribute to Madhubala, Mandoubala, a Greek song dedicated to her, was performed at the closing ceremony of the 2004 Athens Olympics. Digitally-colorized versions of two of Madhubala's films — Mughal-e-Azam (in 2004) and Half Ticket (in 2012) — have been released theatrically. In March 2008, Indian Post issued a commemorative postage stamp featuring Madhubala, that was launched by her surviving family members and co-stars; the only other Indian actress that was honoured in this manner was Nargis, at that point of time.

In 2010, Filmfare included Madhubala's performance as Anarkali in Mughal-e-Azam in its list of Bollywood's "80 Iconic Performances". Her introduction scene in Mughal-e-Azam was included by Sukanya Verma in Rediff.com ' s list of "20 scenes that took our breath away". The film itself has been considered one of the greatest films ever made in polls by British Film Institute and News18. In August 2017, the New Delhi center of Madame Tussauds unveiled a statue of Madhubala inspired by her look in the film as a tribute to her. In 2018, The New York Times published a belated obituary for Madhubala, comparing her life to that of Marilyn Monroe. On 14 February 2019, her 86th birth anniversary, search engine Google commemorated her with a doodle; Google commented: "While her breathtaking appearance earned comparisons to Venus, Madhubala was a gifted actor with an understated style well suited for comedies, dramas, and romantic roles alike. Appearing in over 70 films over the course of a tragically brief career, Madhubala — who would have turned 86 today — was called "The Biggest Star in the World" in 1952 by Theatre Arts Magazine."