Earlier this year, the Academy of Motion Picture Arts and Sciences in collaboration with the Los Angeles County Museum of Art (LACMA) announced plans for a new film museum. Dubbed The Academy Museum of Motion Pictures, this museum will occupy a 300,000 square foot space previously owned by the LACMA and feature both ongoing and rotating exhibits.
Sources have also announced that Disney CEO Bob Iger will head the committee to raise funds for the new museum.
The Academy Museum of Motion Pictures represents a bold new way of saving and presenting film history. It will innovate not only the museum experience, but also the public’s relationship to the art form.
In addition to heading the fundraising effort, Iger will be joined by co-chairs Annette Bening and Tom Hanks. The fundraising campaign is expected to kick off next year.
Tom Sherak, Academy President, said that the Academy has plans to endow $50 million to the new museum, but declined to comment on the overall goal of the fundraising campaign. Sherak did say, however, that “with Bob, Annette, and Tom’s leadership, our dream of finally opening a world-class film museum in Los Angeles will become a reality.”