By Beth Hanna | Thompson on Hollywood April 8, 2013 at 2:15PM
The Academy of Motion Picture Arts and Sciences announced today that it has received a $25 million commitment from the David Geffen Foundation. In recognition of the gift, the Academy will name its upcoming Museum of Motion Pictures' premiere-sized theater in honor of Geffen.
The Academy Museum is designed by uber-architects Renzo Piano and Zoltan Pali, and will be located next to LACMA at the iconic Deco May Company building on the corner of Wilshire and La Brea. It has an estimated 2017 opening date. (More info on the museum, including design concept sketches, is here.)
The David Geffen Theater, once open, will be in operation throughout the year. Programming will include international premieres, major retrospectives and in-depth symposia.
Our TOH! coverage of the PBS documentary "Inventing David Geffen," a revealing portrait of Hollywood's most powerful billionaire, is here.