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Douglas' wife 'had a good cry when she heard' when she heard the happy news from doctors while the actor was jumping up and clicking his heels.
After his battle with throat cancer last year, the actor is determined to beat the disease by leading a healthy lifestyle.
'There was sort of a macabre enjoyment out of sort of watching me go down there for a while,' the actor speaks about shutterbugs during his cancer battle.
In an interview on 'Today' show, Michael Douglas says he's feeling 'good' and 'relieved' now that the tumor is gone.
The top honor will be presented at Palm Springs International Film Festival in California which begins on January 6, 2011.
Along with his wife Catherine Zeta-Jones and his children, Michael Douglas went on a tour at The Wizarding World of Harry Potter in an electronic wheelchair.
The 'Wall Street 2: Money Never Sleeps' actor reveals he has already begun preparing for the film, which is going to be directed by Steven Soderbergh.
Looking healthy, Michael Douglas took his wife Catherine Zeta-Jones and their two young children to the Disney World to spend the holiday.
Diandra Douglas wanted a sum of money the actor earned from 'Wall Street 2' because their divorce papers entitled her to the original film's spin-off.
'He is not going every day and not as often as he would like but he is still visiting with him,' the actor's lawyer said about the visit to Lewisburg Federal Prison Camp in Pennsylvania.
National Enquirer has once again published a false story that the cancer-stricken actor has only a few months to live.
Responding to reports that Douglas has his sperm frozen in case his fertility was damaged by the radiation sessions, a rep for the actor insists the rumors are 'not true'.
While the 'Wall Street' helmer concerns about his condition, the actor refuses to the let the throat cancer get him down.
A publicist for the actor has confirmed that the 'Wall Street' star will have his last radiation and chemotherapy this week.
Coming on behalf of his cancer-stricken friend, the funnyman says, 'Michael is so strong. He gets better and better with every movie he makes.'