×
You will be redirected back to your article in seconds

Academy Museum Gets Funding From Netflix, Charles Roven, Bloomberg Philanthropies

The Academy Museum of Motion Pictures has received contributions from Netflix, Bloomberg Philanthropies, producer Charles Roven, and Tom Spiegel — bringing the delayed project to nearly 80% of its $388 million funding goal.

The museum project has been beset by cost overruns and remains more than $78 million shy of its revised budget. The Academy Museum was originally slated to open this year; it’s now set to open its doors sometime in 2019.

The Academy of Motion Picture Arts and Sciences didn’t disclose the amounts of the new donations, but the total was less than $23 million. Last month, Haim and Cheryl Saban gave $50 million to the Academy Museum, the biggest contribution to date. With the gift, the Academy renamed the May Company building, which will house the main part of the museum, the Saban Building.

The museum, at the corner of Wilshire Boulevard and Fairfax Avenue, is designed by renowned architect Renzo Piano. It will feature six floors of exhibition spaces, a movie theater, education and special event spaces, conservation areas, a café and a gift shop. A spherical addition, which detractors have likened to the Death Star, will include a 1,000-seat theater and a rooftop terrace connected to the Saban Building with glass bridges.

Netflix, the Charles V. Roven Family Foundation and the Thomas Spiegel Family Foundation have contributed gifts to name spaces within the Academy Museum’s Saban Building. Those will be the Netflix Gallery Terrace on the second floor; and the Charles V. Roven Family Foundation and the Thomas Spiegel Family Foundation Terrace on the fifth floor. Spiegel, who lives in Las Vegas, is chairman and CEO of Linq3, which operates a payment-processing platform for state lotteries.

Mike Bloomberg’s Bloomberg Philanthropies, meanwhile, has provided funding to develop the Academy Museum’s digital platforms through its Bloomberg Connects program. Those will be designed for both on-site visitors and online users.

The new donors “understand our aim of enlightening the public as no other museum can about the art, science and history of the world’s motion pictures,” Ron Meyer, NBCUniversal vice chairman and chair of the newly established board of trustees of the Academy Museum, said in a statement.

The Academy kicked off the museum campaign in 2012. The initiative is headed by Disney CEO Bob Iger and is co-chaired by Annette Bening and Tom Hanks.

Other donors who have donated funds for named spaces include: The David Geffen Foundation (The David Geffen Theater), Dalian Wanda Group (Wanda Gallery), Dolby Laboratories and the family of Ray Dolby (The Dolby Family Terrace), The Walt Disney Co. (The Walt Disney Company Piazza), Marilyn and Jeffrey Katzenberg (The Marilyn and Jeffrey Katzenberg Gallery) and Steven Spielberg (The Spielberg Family Gallery).

Pictured above: An artist’s rendering of the Academy Museum.

More Film

  • Abigail Disney on Bob Iger

    Abigail Disney Calls Robert Iger's Pay 'Naked Indecency' in Op-Ed

    After stirring a flurry of reactions over her Tweets calling out wage inequality at the Walt Disney Co. on Sunday, Abigail Disney, a filmmaker and philanthropist who is the grand niece of Walt Disney, penned an opinion column outlining her arguments against Disney’s pay practices. In her op-ed, which was published in the Washington Post [...]

  • Avengers: Endgame

    'Avengers: Endgame' Reaps $90 Million in China by Late Afternoon of Opening Day

    “Avengers: Endgame” is already breaking records in China, raking in $89.6 million (RMB602 million) as of 5 p.m. on opening day Wednesday – two days ahead of the U.S. – and putting itself firmly on track to become the biggest Hollywood title ever in the Middle Kingdom. The Marvel finale has already set a new [...]

  • ‘The Gift: The Journey of Johnny

    Film Review: ‘The Gift: The Journey of Johnny Cash’

    Very much in the manner of an “unplugged” acoustic album that showcases the musicianship of a major artist without distracting flash and filigree, “The Gift: The Journey of Johnny Cash” is a tightly focused yet impressively multifaceted documentary that attempts nothing less than to delve past familiar myths and illuminate the soul of its fabled [...]

  • Emily Morgan Cormac Fox Gregoire Debailly

    European Film Promotion Reveals 2019's Producers on the Move

    Twenty of Europe’s up-and-coming producers are going to Cannes with European Film Promotion. The organization unveiled its latest roster of Producers on the Move on Wednesday, a lineup that features France’s Gregoire Debailly, who produced Jean-Bernard Marlin’s “Sheherazade,” which premiered in Critics’ Week in Cannes last year, and Ireland’s Cormac Fox, who produced Sophie Hyde’s [...]

  • Avengers EndGame Trailer

    ‘Avengers: Endgame’ Tops Studios’ TV Ad Spending

    In this week’s edition of the Variety Movie Commercial Tracker, powered by TV ad measurement and attribution company iSpot.tv, Marvel claims the top spot in spending with “Avengers: Endgame.” Ads placed for the superhero film had an estimated media value of $6.28 million through Sunday for 927 national ad airings on 39 networks. (Spend figures [...]

  • Oscar OScars Placeholder

    Netflix Can Chill: Academy Rules No Change in Streaming Oscar Eligibility

    The Academy of Motion Picture Arts and Sciences will not change eligibility rules for the Oscars, despite speculation that streaming companies might see a crackdown on their release practices when pursuing golden trophies. A board of governors meeting on Tuesday voted to maintain the status quo, that any feature-length film can be considered for the [...]

  • Aniara review

    Film Review: 'Aniara'

    Each year brings an example or three of purported “thinking person’s science-fiction” films, a category that pretty much embraces anything not centered on monsters or lightsaber battles. These efforts are often more admirable in theory than result, but “Aniara” — the first film drawn from Nobel Prize-winning Swedish poet Harry Martinson’s 1956 cycle of 103 [...]

More From Our Brands

Access exclusive content