Michael Douglas to Be Honored With Theater Award

Michael Douglas is set to be honored for his career achievements by bosses at his former theater company in Connecticut.

The Wall Street star will be handed the prestigious Monte Cristo Award by the Eugene O'Neill Theater Center in recognition of his glittering Hollywood career.

Douglas has a long association with the theater company - he acted there for three years in the 1960s and has been a member of the board since 1980.

He also presented his mentor, and The Streets of San Francisco TV co-star, Karl Malden with the same award back in 2004.

The actor will accept the prize from his wife Catherine Zeta-Jones during the Monte Cristo gala at the Edison Ballroom in New York City on 16 April (12), according to Variety.