Actor Michael Douglas arrives for the opening night of the Israel Film Festival in New York, October 29, 2008. [Agencies]

Michael Douglas will receive a lifetime achievement award from the Producers Guild of America during the group's annual bash at the Hollywood Palladium on January 24, it said Monday.

The Oscar-winning producer of "One Flew Over the Cuckoo's Nest" will be given the David O. Selznick Achievement Award in Theatrical Motion Pictures. Previous honorees include Dino De Laurentiis and "Spider-Man' producer Laura Ziskin.

Douglas, 64, whose other producing credits include "The China Syndrome" and "Romancing the Stone," said in a statement that he felt "privileged to be so honored by my producing peers."

The PGA hailed Douglas for often making "important statements about our life and times."

(China Daily/Agencies November 4, 2008)