a much-needed museum in Los Angeles focused on the movie industry, but today came word the fundraising efforts got a big boost from a Chinese business. "> a much-needed museum in Los Angeles focused on the movie industry, but today came word the fundraising efforts got a big boost from a Chinese business. "> Miracle Mile Movie Museum Gets A Big Donation : LAist

Miracle Mile Movie Museum Gets A Big Donation

It's still a few years off until the projected 2017 opening for a much-needed museum in Los Angeles focused on the movie industry, but today came word the fundraising efforts got a big boost from a Chinese business.

Dailan Wanda Group has put up $20 million for the Academy of Motion Picture Arts and Sciences' movie museum, which is in the midst of a $300 million fundraising campaign chaired by stars Tom Hanks and Annette Bening.

The Academy Museum of Motion Pictures will make good use of the megabucks from the Dailan Wanda Group, which is a Chinese real estate and entertainment conglomerate, reports City News Service. So far, more than half the needed money has been raised, and the Dailan Wanda donation the second largest of the effort. "To recognize the gift, the Academy will name the museum’s film history gallery The Wanda Gallery," notes The Wrap.

The Oscars' museum will be in the old May Co. building currently being used as LACMA West. A proper "movie museum" for Los Angeles has been in the works since the 1960s, but securing a long-term lease on the space in 2011 was the first concrete steps towards making such a much-needed venue a reality. With the opening pushed back a year already, movie lovers around the world will have to sustain their enthusiasm for checking out the space's tremendous collection of films, videos, scripts, posters, and other memorabilia from cinema's century-plus history.

Previously
It's About Time: L.A. Is Getting a Proper Movie Museum!
Hollywood Big Bucks Help Get Ruby Slippers For Future Oscars Museum
What You'll Find at The Academy Museum of Motion Pictures