Enlarge AFP/Getty Images Kevin Spacey received an honorary CBE (Commander of the British Empire) in London on Wednesday. LONDON (AP)  Kevin Spacey has received a royal honor from Prince Charles for his role in reviving London's Old Vic Theatre. The Academy Award-winning actor was named an honorary Commander of the Order of the British Empire, or CBE, for services to drama. Spacey said he was "hugely delighted" to receive the medal in a ceremony Wednesday at Charles' London residence, Clarence House. Spacey has led the Old Vic since 2003, and has been praised for restoring the fortunes of the 200-year-old venue. He also has won acting Oscars for The Usual Suspects and American Beauty. After the ceremony, Spacey stressed his belief "that arts and culture are a hugely important part of our lives." Honorary awards are made to foreign nationals in recognition of exceptional service to Britain. Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Guidelines: You share in the USA TODAY community, so please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. Use the "Report Abuse" button to make a difference. You share in the USA TODAY community, so please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. Use the "Report Abuse" button to make a difference. Read more