Even though he's only won one Oscar in his decades-long career, Michael Douglas is being honored for his contribution to the film industry. The 70-year-old actor will be receiving the George Eastman Award during an award ceremony at the Dryden Theater and black-tie gala at the Rochester museum in May.

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According to the Norfolk Daily News on Thursday, The Eastman Award was first established in 1955, and is named for the photography innovator who founded Rochester-based Eastman Kodak.

Previous award winners include Hollywood legends such as Charlie Chaplin, Gregory Peck, Martin Scorsese, Meryl Streep and Richard Gere.

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Just recently Douglas opened up in a new interview with Entertainment Weekly, where he talked about his next big screen offering Ant-Man and why his two children, Carys and Dylan are excited to see him in his latest role.

When asked if he's ever flirted with the idea of joining a franchise, Douglas said, "No. It's fun to do a big-budgeted movie after scraping and scratching along with a lot of these indies, these labors of love. To be in a picture that's got a built-in audience and has the tide going with you. I'm ready for it, after struggling and fighting for pictures that you believed in, that are maybe off the beaten path."

As far as his kids seeing the movie, Douglas added, "Oh, it's like I haven't done anything in my life before Ant-Man. There are so few movies that I could show them when they were growing, because all my pictures were R rated. For years, they thought their mom was the actress and I made pancakes."