NEW YORK (CBS) Actor Michael Douglas will receive the Icon Award Jan. 13 at the Palm Springs International Film Festival.
The awards presentation will include clips from Douglas' movies, a conversation with the actor and a screening of his 2010 film, "Solitary Man."
Festival organizers, who called Douglas "an American treasure" told The Hollywood Reporter that the award is presented annually for a body of work that represents the best of the industry.
Douglas, 66, is recovering from treatment for throat cancer. He recently was nominated for a Golden Globe award for his role in "Wall Street: Money Never Sleeps," the sequel to the the 1987 movie that earned him a Best Actor Oscar. He also won an Oscar for 1975's "One Flew Over The Cuckoo's Nest."
The numerous awards and honors he has received in his career included two Golden Globes and four Emmy nominations for "The Streets of San Francisco."
His next project is a biopic of Liberace, which is set to start filming in May.