The and the have joined forces to establish an L.A.-based museum dedicated to motion pictures.
The partners plan to develop the museum in the historic May Company building, currently known as LACMA West. To that end, the academy will begin to develop plans for fundraising, the museum's design, exhibitions, and modifications to the 300,000 square-foot site.
The museum, which could open as early as 2014, will include newly acquired collections as well as material from 42,000 movie posters and ten million photographs stored in the academy's archives. The academy plans to lease the facility from LACMA and will benefit from the latter's experience in managing an arts institution but will retain autonomy over all aspects of the museum. Attempts to create a museum dedicated to motion pictures date back to the mid-1960s, including a plan to build a free-standing building in Hollywood that fell apart after the 2007 writers strike and the financial crisis.
"Finally, our industry will have a dedicated space where we can inform and excite people about the endless range and possibilities of motion pictures," said Academy CEO Dawn Hudson. "This new facility will make our resources and activities — our programming, our archives, and our library — even more visible and accessible all year round."