Following in the footsteps of his famous father, Michael Douglas is the next film star set to be presented with the Life Achievement Award by the American Film Institute.
The award will be presented to Michael in Los Angeles on June 11, says Variety.
Michael's father, Kirk Douglas, received the award in 1991.
"I am honored and overwhelmed to be included in such a prestigious group of filmmakers. I am particularly moved to be following my father 18 years later," Michael told Variety.
"Michael Douglas is the rightful heir to the throne of the royal family of American film," said Howard Stringer, chair of the AFI board. "Though he is most beloved as one of the great leading men of the movies, Michael is also a most accomplished film producer and, ultimately, an artist whose films have been elevated in the pantheon of American film."
Michael won an Academy Award for acting in 'Wall Street,' and was a producer of the multiple Oscar-winning 'One Flew Over the Cuckoo's Nest.'
The acting powerhouse's next film project, 'Beyond a Reasonable Doubt,' is set for release in 2009.
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