Los Angeles: Filmmaker Steven Spielberg and producer Jeffrey Katzenberg have each donated $10 million to the Academy Museum of Motion Pictures.
The two main galleries on the lobby floor of the Academy Museum (to be located here) will be named Marilyn and Jeffrey Katzenberg Gallery and Spielberg Family Gallery, reports variety.com.
“Steven and Jeffrey share a passion for moviemaking and philanthropy. With these incredibly generous gifts, they are combining the two, moving us closer to our goal of building a museum to preserve the history of motion pictures and inspire the next generation of filmmakers,” said Bob Iger, Academy Museum campaign chair.
Over half of the museum's capital campaign goal of $300 million has been secured.
“I am so pleased to join with Jeffrey to help build this museum to celebrate, educate, and preserve the arts and sciences of motion pictures,” said Spielberg, who has made films like "Catch Me If You Can" and "Jurassic Park".
Katzenberg said that he and Spielberg recognise that the global impact of films deserves a museum that reflects its unequaled heritage and serves as a beacon for the future of what they love.
David Geffen, who co-founded Dreamworks company with Katzenberg and Spielberg, previously donated $25 million to the Academy Museum.
Other significant gifts include $20 million from Chinese property-and-entertainment conglomerate Dalian Wanda Group.