Michael Douglas

Michael Douglas says he takes blame for "being a bad father" as he tried to forge his career and that the family had a lot to do with son Cameron's drug problems and legal troubles.

Cameron Douglas sentenced to five years in prison

The 65-year-old Oscar winner told Matt Lauer during a Today show interview airing Monday he was a bad dad "if being a bad father is working your butt off trying to create a career at one time."

"I've also confessed the fact that I was in rehab 20 years ago," he added. "[His mother] was a very young mother when she had Cameron and her skills were limited to such an extent. The other part of course is genes. I lost a brother with an overdose four years ago. I have another brother who has been on the program for years. My ex-wife's family has alcoholism running in it, so you have that part and then you finally end up with who you choose to hang out with."

Douglas, whose 31-year-old son Cameron was sentenced last month to five years in prison on drug charges, said his priorities have changed when it comes to his two children — Dylan, 9, and Carys, 7 — with wife Catherine Zeta-Jones.

Girlfriend accused of smuggling heroin to Cameron Douglas

"When I had Cameron, I was early in my career and, as opposed to most jobs, making movies takes you all around the world, so you were absentee in that sense," he said. "We chose for a large part of our marriage not to be living in Los Angeles but be living outside, so you had to travel, so my priorities have completely changed. My marriage and my families come certainly before my career."

Douglas, who won an Oscar for his performance in Wall Street, will next appear in the film's sequel, Wall Street: Money Never Sleeps, alongside Shia LaBeouf.