Hollywood Mogul Geffen Commits $25-Million for Film Museum
April 9, 2013 | Read Time: 1 minute
Music and movie executive David Geffen has pledged $25-million to the Academy of Motion Picture Arts and Sciences for its planned cinema museum in Los Angeles, Variety writes.
The pledge is the largest to date for the Academy Museum of Motion Pictures, slated to open in 2017 next to the Los Angeles County Museum of Art. The academy, the nonprofit film organization that awards the Oscars, says it is past the halfway point in a $300-million campaign to support the project.
The museum’s premium theater will be named for Mr. Geffen, one of the principals in the DreamWorks SKG movie studio. He and his partners, director Steven Spielberg and film executive Jeffrey Katzenberg, each gave $30-million last year to the Motion Picture & Television fund, a charity that provides health and social services to film- and TV-industry retirees.
