Actor Robert Redford presents the Lifetime Achievement Oscar award to Henry Fonda during the 53rd annual Academy Awards in Los Angeles, Ca., Tuesday, March 31, 1981. Fonda is known for roles in suchs films as "The Grapes of Wrath," "Mister Roberts" and "12 Angry Men."

Groucho Marx displays his Honorary Oscar for Lifetime Achievement at the Academy Awards presentation in Los Angeles, Calif., April 3, 1974. Groucho is wearing the Commander of Arts and Letters medal he received from the French government at Cannes in 1972.

Actor-director Warren Beatty holds the Irving Thalberg Award for Lifetime Achievement during the 72nd Academy Awards, March 26, 2000 at the Shrine Auditorium in Los Angeles.

Dino de Laurentiis, 82, holds the Irving Thalberg Award for lifetime achievement at the 73rd Annual Academy Awards at the Shrine Auditorium in Los Angeles, March 25, 2001. He produced such films as "Bitter Rice," "La Strada" and "Nights of Cabiria."

Kirk Douglas, father of Michael Douglas, accepts the Lifetime Achievement Award at the 68th Annual Academy Awards in Los Angeles, March 25, 1996. With him is director Steven Spielberg. Douglas starred in films such as "The Bad and the Beautiful," "20,000 Leagues Under the Sea," and "Lust for Life."

Marcello Mastroianni, left, talks with Federico Fellini and Sophia Loren after Fellini was awarded an honorary Oscar for lifetime achievement at the 65th Annual Academy Awards in Los Angeles, March 29, 1993.

Legendary American actor James Earl Jones poses with his "Lifetime achievement" Oscar that he received, Nov. 12, 2011 at the Garrick Theatre in London, England.

Film director and choreographer Stanley Donen sings a song with the Oscar to his cheek after receiving the Lifetime Achievement Award at the 70th Academy Awards in Los Angeles, March 23, 1998. His most celebrated works include "Singin' in the Rain" and "Seven Brides for Seven Brothers," "Funny Face," and "Damn Yankees!"

Polish director Andrzej Wajda looks through the camera lens while shooting his last movie, "Pan Tadeusz," in Poland, 1999. Wajda was honored by the Academy of Motion Picture Arts and Sciences with an Oscar for lifetime achievement in Los Angeles, Calif., March 26, 2000.

Film actor Mickey Rooney poses with the "Lifetime Achievement" Academy Award backstage, following his acceptance speech, at the 1982 Academy Awards in Los Angeles, Calif.

Director Robert Altman accepts the Lifetime Achievement award onstage during the 78th Annual Academy Awards at the Kodak Theatre, March 5, 2006 in Hollywood, Calif. Altman is known for directing several films, including "MASH," "McCabe and Mrs. Miller," and "Nashville."

Actor Charlie Chaplin receives an honorary Oscar for the lifetime achievement, in Hollywood, April 1972.