Michael Douglas Receives Lifetime Achievement Awar...

Warren Beatty, Annette Bening, Kathleen Turner, Jane Seymour, Matthew McConaughey and other Hollywood stars headed to the Sony Studios in Los Angeles for a special dinner to honor actor Michael Douglas — and ET was there. Douglas received the AFI Life Achievement award, the highest honor given for a career in film. The award is presented annually to an actor whose talent has withstood the test of time, and to an individual who has been acknowledged by the public as well as critics, scholars and professional peers. "It’s been 40 plus years that I've been doing this," Douglas tells ET. "I was a little overwhelmed but I've been taking a little inventory now, and I say why not?"