Filmmaker Steven Spielberg and Jeffrey Katzenberg have given donated USD 20 million to the Academy of Motion Picture Arts and Sciences for their museum.
Both movie moguls gave a separate USD 10 million gifts to the Academy and in turn two main galleries on the lobby floor of the Academy Museum will be named as -- the Marilyn and Jeffrey Katzenberg Gallery and the Spielberg Family Gallery, Academy said in a statement here.
"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 the 66-year-old Spielberg.
"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," he added.
Katzenberg said, "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."
Designed by architects Renzo Piano and Zoltan Pali, the Academy Museum will be located next to the Los Angeles County Museum of Art (LACMA) in the historic Wilshire May Company building.
Slated to open in early 2017, the Academy Museum will contain nearly 300,000 square feet of state-of-the-art galleries, exhibition spaces, theaters, screening rooms, education centers, and special event spaces.
