Michael Douglas will get the Privileged Palme d'Or at the current year's Cannes Film Celebration.
The "Basic Instinct" star will be honored at the festival's opening ceremony on May 16 and return to the Croisette this month, Cannes announced on Tuesday.
Douglas attended Cannes for the first time in 1979, attending the 32nd festival with James Bridges' "The China Syndrome." In 1992, he returned for "Basic Instinct," and in 1993, he did so again for "Falling Down." He was most recently in Cannes for the film "Behind the Candelabra" by Steven Soderbergh.
Douglas said in a statement, "It is always a breath of fresh air to be at Cannes, which has long provided a wonderful platform for bold creators, artistic achievements, and excellence in storytelling."
From my most memorable time here in 1979 for 'The China Condition' to my latest debut for 'Behind the Candelabra' in 2013, the celebration has consistently helped me that sorcery to remember film isn't simply in what we see on-screen yet in its capacity to affect individuals from one side of the planet to the other. It is an honor to return to the Croisette to open the Festival and embrace our shared global film language after more than 50 years in the business.
"One Flew Over the Cuckoo's Nest," Douglas's first production with Saul Zaentz and Milo Forman as director, received nine Oscar nominations and won best picture in 1975.
He is best known as an actor for his roles in "Romancing the Stone" with Robert Zemeckis in 1984, "Black Rain" with Ridley Scott in 1989, and "Disclosure" with Barry Levinson in 1994. In 1987, he won the Oscar for best actor for playing a greedy New York broker named Gordon Gekko in Oliver Stone's "Wall Street." The follow-up, "Wall Street: In 2010, "Money Never Sleeps" was not shown in competition at the 63rd Cannes Film Festival.
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