The Academy of Motion Picture Arts and Sciences announced that it has reached its initial goal of $100 million toward a $250 million capital campaign to fund the upcoming Academy Museum of Motion Pictures. Concurrently, the Academy unveiled its vision for the first major U.S. museum dedicated exclusively to the history and ongoing development of motion pictures. Designed by award-winning architects Renzo Piano and Zoltan Pali, the non-profit museum which will be located in the historic May Company Wilshire building in Los Angeles, is slated to open in 2016.“The Academy museum will be a landmark that both our industry and our city can be immensely proud of,” said Academy CEO Dawn Hudson. “I appreciate the unwavering support of our board, our members, and especially our campaign chairs, all of whom have led us through this crucial stage.”Launched in early 2012 by Campaign Chair Bob Iger and Co-Chairs Annette Bening and Tom Hanks, the campaign has raised $100 million through private donations towards a $250 million goal. “The early response to our fundraising campaign has been outstanding and is incredibly encouraging,” said Iger. “We are so grateful to the founding supporters of the campaign, who share our vision and passion for creating the Academy Museum.”
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