Europe 1 with AFP / Photo credits: Valery HACHE / AFP 15:01 pm, May 03, 2023

A veteran American actor will receive the Palme d'Or of Honor at the Cannes Film Festival at the opening ceremony on May 16: Michael Douglas. In his career, the actor has presented four films in competition at Cannes, and received the Oscar for Best Actor in 1988 for his role in Oliver Stone's film "Wall Street".

Basic Instinct and Wall Streetactor Michael Douglas will receive the Palme d'Or of Honor at the Cannes Film Festival, "which will salute his brilliant career and commitment to cinema," at the opening ceremony on May 16, the festival announced Wednesday. "After more than 50 years of career, it is an honor to return to the Croisette to open the Festival and speak our common language, that of cinema," the 78-year-old actor said in a statement.

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Winner of the Oscar for Best Actor in 1988

Michael Douglas presented four films in competition at Cannes: James Bridges' Chinese Syndrome in 1979, Paul Verhoeven's Basic Instinct in 1992, Joel Schumacher's Free Fall in 1993 and Steven Soderbergh's My Life with Liberace in 2013. His father, Kirk Douglas, chaired the festival's jury in 1980.

Michael Douglas was awarded the Academy Award for Best Actor in 1988 for his role as New York broker Gordon Gekko in Oliver Stone's Wall Street. The sequel, Wall Street: Money Never Sleeps, was screened out of competition at Cannes in 2010. He was also awarded as a producer with Milos Forman's One Flew Over the Cuckoo's Nest, which won an Oscar for Best Picture in 1976.

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The 76th edition of the Festival, which will be held from 16 to 27 May, has yet to announce the composition of its jury, chaired by Swedish director Ruben Östlund, who won his second Palme d'Or last year with his film Sans filtre.