David Geffen donates $25m for film museum

Los Angeles: Music and movie mogul David Geffen has contributed $25 million (Dh91.8 million) for a film museum planned by Academy Awards overseers.

The Academy of Motion Picture Arts and Sciences announced on Monday that the David Geffen Foundation made the donation for the museum scheduled to open in 2017 next to the Los Angeles County Museum of Art.

It’s the largest contribution yet in the academy’s $300 million fund drive for the museum.

In recognition, the academy is naming a theatre at the facility after Geffen.

Record company executive Geffen founded DreamWorks Pictures with Steven Spielberg and Jeffrey Katzenberg.

Geffen says the museum will provide a permanent home for the academy’s tradition of “honouring the shining stars of the cinematic arts.”