ROME (AP) 鈥� The announced a $500 million fundraising campaign Friday to ensure long-term, global support for museum and educational programming in view of its 100th anniversary in 2028.
Academy officials announced the campaign at a press conference in Rome alongside the leadership of the Italian public film company behind many of Italy鈥檚 Oscar-winning movies. The aim was to underscore the global thrust of the Academy鈥檚 initiative.
Academy CEO Bill Kramer said the first $100 million of the campaign had already been secured. Academy officials thanked longtime supporter Rolex and the Dorchester Collection, which manages hotels owned by Dorchester Group Ltd., a subsidiary of Brunei Investment Agency.
The press conference was held at the Dorchester鈥檚 swank Hotel Eden, located just off
Kramer said the fundraising initiative was necessary to diversify revenue sources and expand the global reach of the film academy, with the aim of reaching the fundraising goal by the 100th Oscar ceremony in 2028.
The Associated Press
