Kevin Spacey's TV award revoked over allegations of sexual harassment towards teenage boy

The International TV Academy has withdrawn an award for Kevin Spacey following sexual misconduct allegations towards a teenage boy.

Spacey was due to be awarded with the 2017 International Emmy Founders Award in New York in November.

"The International Academy has announced today that in light of recent events it will not honour Kevin Spacey with the 2017 International Emmy Founders Award" a statement on the Academy's website read.

Earlier, the House of Cards actor responded to allegations of sexual misconduct in 1986 with a statement saying he is "beyond horrified."

Spacey said he doesn't remember the incident, but apologises for the “deeply inappropriate drunken behaviour.”

The actor tweeted a statement after fellow actor Anthony Rapp accused the 58-year-old of historical harassment.

The star said the allegations had encouraged him to “address other things about my life,” with Spacey publicly confirming for the first time that he is gay.

In a BuzzFeed interview, Star Trek actor Anthony Rapp, 46, claimed that when he was 14-years-old Spacey invited him to a party at his apartment in New York and drunkenly tried to seduce him by climbing on top of him.

Rapp said he managed to flee before the encounter progressed.

In a statement posted to his Twitter account, Spacey said he was “sorry for the feelings he [Rapp] describes having carried with him all these years" and he wanted to deal with the allegations honestly.

“As those closest to me know, in my life I have had relationships with both men and women,” Spacey said. “I have loved and had romantic encounters with men throughout my life, and I choose now to live as a gay man. I want to deal with this openly and honestly and that starts with examining my own behaviour.”

Rapp said he spoke out following allegations against Harvey Weinstein, who has been accused of sexual harassment, assault or rape in recent weeks. Weinstein denies non-consensual sex.

Rapp, now 46, is best known as a stage and film actor, starring in the Broadway production of Rent in 1996.

Shortly after the harassment claims emerged, Netflix announced that House of Cards - in which Spacey plays the lead role - is coming to an end.

However, it is thought the decision to end the political thriller after its upcoming sixth series was made prior to Rapp's allegations.

Netflix and House Of Cards producer Media Rights Capital released a joint statement in relation to the claims: "Media Rights Capital and Netflix are deeply troubled by last night's news concerning Kevin Spacey.

"In response to last night's revelations, executives from both of our companies arrived in Baltimore this afternoon to meet with our cast and crew to ensure that they continue to feel safe and supported.

"As previously scheduled, Kevin Spacey is not working on set at this time."

The final series of House Of Cards is due to air in 2018.