The Academy Museum of Motion Pictures has attracted some big names to boost its construction budget, including the Charles V Roven Foundation and the Thomas Spiegel Family Foundation.
Other donors include Bloomberg Philanthropies and Netflix, according to Variety magazine.
Their funding has helped the Museum project reach 80 percent of the $388 million goal.
Both the Charles V. Roven Foundation and the Thomas Spiegel Family Foundation will have named spaces on the fifth floor terrace of the Saban Building, due to their donations.
The museum will be housed at the corner of Wilshire Boulevard and Fairfax Avenue and will feature six floors of space where exhibitions will be contained. There are also plans for a movie theatre, education and special-event spaces, conservation areas, a gift shop, and a cafe. Designed by Renzo Piano, there is also a spherical addition to the building that will have a 1,000-seat theater as well as a rooftop terrace that has glass bridges connecting it to the Saban Building.
Haim and Cheryl Saban have given the largest single donation to the project with their donation of $50 million. As a reward, the Academy will rename the main part of the museum the Saban Building.
The Saban Building itself will stand over six stories tall. Inside there are plans to include over 50,000 square feet of exhibition space and an education studio, which according to the project website will be state-of-the-art. The Ted Mann Theater will also be located in this space and is expected to seat at least 288. Plans also incorporate a restaurant, cafe, store and other public and special event space.
Many other donors will also have space at the Museum named after them including: 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).
The chair of the board of trustees for the Academy Museum, Ron Meyer, was quoted in a statement saying that the 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.”
Meyer is also the vice chairman of NBCUniversal.
According to the website, the museum will be “the world’s premier institution dedicated to the art and science of movies.” It is expected to be a combination of immersive, experimental, educational, and entertaining media and exhibits.
The goal is to offer an insight into the movie-making process and industry. The Academy Museum was expected to open in 2017 but was pushed back to 2019.
The Charles V. Roven Foundation is a private, non-profit organization based in Las Angeles. The Thomas Spiegel Family Foundation is based in Las Vegas and is a private organization.