Meryl Streep is being honored for her outstanding contributions to the world of entertainment.
The 67-year-old Florence Foster Jenkins star will receive the 2017 Cecil B. DeMille Award at the 74th Annual Golden Globe Awards at the Beverly Hilton Hotel in Los Angeles in January, The Hollywood Foreign Press Association announced on Thursday.
WATCH: 'The Devil Wears Prada' Turns 10! All the Lessons We Learned From the Iconic Movie
"It's no surprise that the HFPA has chosen Meryl Streep as the recipient of the 2017 Cecil B. DeMille Award. Meryl's enthralling body of work across a diverse set of genres has made her a role model over the past 40 years, and she will continue to do so for generations to come," Lorenzo Soria, President of the HFPA, said in a statement. "[Meryl] has always taken roles with strong female leads, creating art by showing vulnerability and portraying truth on the big screen."
"Simply put, she is a trailblazer, having paved the way for women in television, film and stage," Soria continued. "For shattering gender and age barriers, all with finesse and grace, the HFPA is humbled to bestow this honor upon her."
RELATED: Meryl Streep Once Feared Aging in Hollywood Would End Her Career: 'I Thought Each Movie Would Be My Last'
The most recent recipients of the prestigious award honoring individuals who have "made an incredible impact on the world of entertainment" include Denzel Washington (2016), George Clooney (2015), Woody Allen (2014), Jodie Foster (2013), Morgan Freeman, (2012), Robert De Niro (2011) and Martin Scorsese (2010).
Streep, an eight-time Golden Globe Award winner, has been nominated for a Golden Globe 29 times throughout her career -- the most of any man or woman in all film and television categories combined. She won for The Iron Lady in 2011, Julie & Julia in 2009, The Devil Wears Prada in 2006, Angels in America in 2003, Adaptation in 2002, Sophie's Choice in 1982, The French Lieutenant's Woman in 1981 and Kramer vs. Kramer in 1979.
The Golden Globe Awards, hosted by Jimmy Fallon, will air live on NBC from 8-11 p.m. ET on Sunday, Jan. 8, 2017.
WATCH: Why Meryl Streep Is and Always Has Been the Queen of the Golden Globes!