BEVERLY HILLS, CA – The Academy of Motion Picture Arts and Sciences announced today that it has received a $25 million commitment from The David Geffen Foundation for the Academy Museum of Motion Pictures. The gift was made as part of the Academy Museum’s $300 million capital campaign and is the largest commitment received to date. In recognition of this gift, the Academy will name the Museum’s premiere-sized theater The David Geffen Theater.
“David’s support of this project is transformative,” said Academy Museum Campaign Chair Bob Iger. “It takes a large and diverse group of supporters to build a project on the scale of the Academy Museum. David joins an esteemed group of individuals, companies, and foundations who are leading the charge.” The Academy launched the Museum’s capital campaign in 2012 and has already secured more than half of the campaign’s goal in commitments. The campaign is co-chaired by Annette Bening and Tom Hanks.
“I’m pleased to support the Academy Museum of Motion Pictures,” added David Geffen. “This is an exciting opportunity to be part of the creation of an iconic architectural space and cultural institution that will combine the best of the old and the new and provide a permanent public home for the Academy’s rich tradition of honoring the shining stars of the cinematic arts.” READ MORE »
David Geffen Foundation Donates $25M To Academy Museum Of Motion Pictures: New Theater To Be Named For Him
Los Angeles, CA, (October 16, 2012) – In an extraordinary commitment, the three men who created DreamWorks SKG: Steven Spielberg, Jeffrey Katzenberg and David Geffen, are each donating $30 million to the MPTF Campaign as announced today by George Clooney, MPTF Board member and co-chair of the Campaign. The total commitment of $90 million is a major shot in the arm for the $350 million Campaign announced earlier this year to build the endowment and support the charitable operations of the industry’s charity.
David Geffen Swaps Out Super-Voting Shares At DreamWorks Animation, Solidifying Jeffrey Katzenberg’s Control
Co-founder David Geffen converted his 3M Class B shares — which have 15 votes apiece — for Class A ones that only have one vote but that trade in the open market, the company disclosed this morning in an SEC filing. …
David Geffen is notoriously press and camera shy. (Unless it’s with Maureen Dowd or Barbara Walters.) But he appeared at TCA today for the upcoming PBS American Masters: Inventing David Geffen documentary billed as an “unflinching” portrait of his life. He was brief with his answers to reporters and critics, emphasizing repeatedly this afternoon that he has little to do with showbiz anymore except for the 3 million-4 million stock shares which his foundation owns in publicly traded DreamWorks Animation run by Jeffrey Katzenberg. (He pointed out that he hasn’t even seen Steven Spielberg’s upcoming Lincoln yet “but I’ve heard it is very good” from DreamWorks 2.0.) Geffen said today it would be “impossible” to raise the $2 billion financing that formed the original DreamWorks which he co-founded back in 1994 with Spielberg and Katzenberg as the first new Hollywood studio in 50 years. “I don’t think it can be done today for a start-up. I don’t think anyone can raise $2 billion, I couldn’t do it today.” Geffen repeatedly spoke about the differences in showbiz between when he was coming up in the biz – and now. One of the most dramatic changes? “The demise of the DVD has a huge impact on the finances of the business,” he said. “The business model has changed. The industry will exist in very different ways than we experience it today. It’ll still be here. But I think there will be industries that will be far more profitable.”
Specifically about the film biz, Geffen said, “The biggest movies in the world have no stars in them today. Avatar has no stars. Avengers, with the exception of the small role that Robert Downey Jr had in it, had no stars. Today it is the story not the stars,” the mogul said. (He bluntly said Rock of Ages bombed because “it was a bad movie.”) Geffen did say what’s still the same is how hard it is to get into showbiz. “It was very hard then, and it is now. A very hard bullseye to hit.” His own early years as a working class Brooklyn boy in the William Morris Agency mailroom in 1964 spanned into the music industry and his early success
The clearance still leaves Sony waiting for the Federal Trade Commission, which is expected to take a few months before deciding whether to approve the $2.2B deal. But it’s still a big step forward for Sony’s ambition to make its Sony/ATV subsidiary — a joint venture with Michael Jackson’s estate — the No. 1 owner of music publishing rights. EMI’s catalog includes standards such as New York New York, You’ve Got A Friend, Ain’t No Mountain High Enough, Over The Rainbow, I Heard It Through The Grapevine, Singin’ In the Rain, and The James Bond Theme. The EU said that it would approve the acquisition once Sony divests four catalogs — Virgin UK, Virgin Europe, Virgin US, and Famous Music UK — and works by 12 contemporary songwriters including Gary Barlow, Ozzy Osbourne, Robbie Williams, Ben Harper, Lenny Kravitz, Placebo and The Kooks. With that agreement,
David Geffen Goes After LA Times Again? Is He In “Serious Discussions” With Zell? Or Have They Not Spoken In Months?
I’ve written here again and again how much David Geffen wants to own the Los Angeles Times and put it back under local control as well as make it a real must-read. But the …
Ovitz Testifies Busch/Weinraub NYT Articles “Wildly Embarrassing”: Says He Suspected Ron Meyer & David Geffen Were The Sources So Hired Pellicano
2ND UPDATE: Michael Ovitz on the witness stand at the Pellicano trial today pointed an accusatory finger at his former friend and CAA partner Ron Meyer, now president/COO of Universal Studios, and at his longtime nemesis David Geffen, the billionaire co-founder of …
Apparently it’s news to The New York Times — though to no one else in Hollywood – that there may be friction when Paramount and DreamWorks try to unentangle themselves. What’s a better story the newspaper could have written for Thursday’s …