Jeffrey Katzenberg, Steven Spielberg Each Donate $10 Million to Academy Museum

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Steven Spielberg, left, and Jeffrey Katzenberg

The Academy announced that the two main galleries in the lobby floor will be named after both men and their families.

Jeffrey Katzenberg and Steven Spielberg have each donated $10 million to the Academy's Museum of Motion Pictures. In recognition of their gifts, the two main galleries on the lobby floor of the new museum will be named for both men and their families -- The Marilyn and Jeffrey Katzenberg Gallery and The Spielberg Family Gallery -- the Academy announced today.

The two galleries will be the only gallery spaces on the lobby level of the museum, slated to open in 2017, and will showcase exhibitions that will explore the past, present and future of moviemaking.

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 "Steven and Jeffrey share a passion for moviemaking and philanthropy," said Walt Disney Company CEO Bob Iger, who is chairing the museum's $300 million capital campaign, which was launched in 2012. "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." 

"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," Spielberg said. "Having our family name on the lobby floor is a deeply personal way to say how much motion pictures and the Academy have meant to all our lives."

Katzenberg added, "Both Steven and I recognize that film's global impact deserves a museum that reflects its unequaled heritage and serves as a beacon for the future of what we love. Marilyn and I appreciate the opportunity to be part of such a significant project."

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Said Academy president Cheryl Boone Isaacs, "Steven and Jeffrey have elevated the art of filmmaking to new heights and have created some of the most beloved films of all time. They continue to be champions of our industry. Having them join us as we build the Academy Museum is an incredible honor."

Designed by architects Renzo Piano and Zoltan Pali, the 300,000-sqaure-foot Academy Museum will be located next to the Los Angeles County Museum of Art in the old Wilshire May Company building.