Dolly Parton and Tom Cruise can now add honorary Oscars to their long lists of accolades. The Academy of Motion Picture Arts and Sciences announced Tuesday in a press release that the "9 to 5" singer and "Mission Impossible" star will receive honorary Oscars at the 16th annual Governors Awards, which will take place later this year.

Entertainment icon Dolly Parton is making room on her mantle piece after the Academy of Motion Picture Arts and Sciences announced they will award the star with a Lifetime Achievement Award.

Actor and producer Tom Cruise, choreographer and actor Debbie Allen, and production designer Wynn Thomas will receive Honorary Awards. Music icon and philanthropist Dolly Parton will be recognized with the Jean Hersholt Humanitarian Award.