Godfather director Francis Ford Coppola is to receive a lifetime achievement Oscar later this year.
It will be the sixth Academy Award for the 71-year-old - four of them were for his films about the fictional Italian-American Corleone crime family.
Honorary awards will also be given to French director Jean-Luc Godard, actor Eli Wallach and film historian Kevin Brownlow.
The awards will be given out at a ceremony in Los Angeles in November.
The Academy of Motion Picture Arts and Science said Coppola's Irving Thalberg Memorial Award was given to "a creative producer whose body of work reflects a consistently high quality of motion picture production".
Through his American Zoetrope studio, which he established in 1969, Coppola has produced more than 30 films, including The Black Stallion, The Outsiders and Lost in Translation, which earned his daughter Sofia an Academy Award nomination for best director.
Godard, 79, a key figure in the French New Wave movement, started out writing about cinema before impressing audiences and filmmakers with his influential first feature, Breathless.
Long-time character actor Wallach, 94, appeared in The Magnificent Seven, The Misfits and The Good, the Bad and the Ugly. He is also in Oliver Stone's upcoming Wall Street sequel.
"Each of these honourees has touched movie audiences worldwide and influenced the motion picture industry through their work," said Academy President Tom Sherak.
"It will be an honour to celebrate their extraordinary achievements and contributions at the Governors Awards."