The 66-year-old actor, who was diagnosed with throat cancer earlier this year, will be given the Icon Award at the Palm Springs International Film Festival in California on 13 January.
Douglas has been nominated for a Golden Globe for his Wall Street: Money Never Sleeps performance. Festival organisers explained that the prize 'honours a creative talent who, through the course of his career, has created a body of work which symbolises the highest level of achievement in the motion picture art form'.
Michael Douglas Icon Award
Festival director Darryl MacDonald added, 'We're thrilled to have the opportunity to honour Michael Douglas at a time when both his creative prowess and his contributions to world cinema have never been more evident - or more deserving of celebration. Simply put, he's an American treasure.'
Michael Douglas Icon Award
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