Academy Reveals Designs for New Museum (Photo)

The Academy of Motion Picture Arts and Sciences has unveiled a picture of its planned movie museum.

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Designed by architects Renzo Piano and Zoltan Pali, the museum debuted concept art of what it is expected to look like. (See the photo above.)

The museum is scheduled to open in early 2017 and will be located next to the Los Angeles County Museum of Art in the Wilshire May Co. building. It is to contain nearly 300,000 square feet of galleries, exhibition spaces, theaters and screening rooms.

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The museum also will host workshops featuring the artists and craftspeople who make films and will boast spaces for special events to be held.

The museum's capital campaign, which is chaired by Bob Iger and co-chaired by Annette Bening and Tom Hanks, has to date raised more than half of its $300 million goal. On Monday, it was announced that David Geffen had donated $25 million to the museum. In recognition for that contribution, the museum's theater will be called The David Geffen Theater.