The Hollywood star was recognised with the prize before he presented his new directorial film to the audience.

Cate Blanchett and Jenna Ortega lead as best dressed stars of the festival’s opening night.

Wednesday is the most popular English-language TV series on Netflix

Arkin recently starred in the Netflix comedy series The Kominsky Method, alongside Douglas.

The series sees Jenna Ortega play Wednesday Addams and Catherine Zeta-Jones play Morticia Addams.

The 20-year-old actress, who plays Wednesday Addams in a new Netflix series, also said she hopes to do more projects that ‘excite’ her.