The big picture was clear enough in the fiscal 2022 financial report released by the Academy of Motion Picture Arts and Sciences last Tuesday: Income down, expenses up, rough going overall in a tough financial climate.
But the finer points take a little digging, both in and around the 39-page report.
On closer inspection, and with some help from people who know their way around the numbers—Academy officials, for their part, have declined comment—an observer sees signs of turmoil, and the outlines of a profound transition from a simple, Oscar-granting institution to a complicated cultural enterprise fronted by an expensive movie museum.
As for turmoil, there clearly was some around a 12.3 million “loss on asset disposal” recorded on Page 5 of the report. Only marginally helpful, a corresponding footnote said the amount represented “exhibit development costs” for property, equipment and building improvements that, it was determined, “would not be utilized in the museum.
But the finer points take a little digging, both in and around the 39-page report.
On closer inspection, and with some help from people who know their way around the numbers—Academy officials, for their part, have declined comment—an observer sees signs of turmoil, and the outlines of a profound transition from a simple, Oscar-granting institution to a complicated cultural enterprise fronted by an expensive movie museum.
As for turmoil, there clearly was some around a 12.3 million “loss on asset disposal” recorded on Page 5 of the report. Only marginally helpful, a corresponding footnote said the amount represented “exhibit development costs” for property, equipment and building improvements that, it was determined, “would not be utilized in the museum.
- 12/11/2022
- by Michael Cieply
- Deadline Film + TV
Click here to read the full article.
Christine Simmons is no longer the chief operating officer of the Academy of Motion Picture Arts and Sciences, effective Friday, an individual with knowledge of the situation tells The Hollywood Reporter.
Simmons joined the Academy as COO in 2018. The group hadn’t had someone in the role since 2013, when Ric Robertson resigned as COO. Simmons was responsible for the day-to-day management and enhancement of the Academy’s internal organization and infrastructure, with focus on the Academy Foundation, comprising the Margaret Herrick Library, Academy Film Archive, its educational programs and the Science and Technology Council.
It is unclear whether Simmons was let go or whether she decided to leave on her own accord.
Prior to becoming president and COO of the Los Angeles Sparks, Simmons served as executive vp of Magic Johnson Enterprises, where she led the day-to-day operations of the Sparks throughout the team’s first season.
Christine Simmons is no longer the chief operating officer of the Academy of Motion Picture Arts and Sciences, effective Friday, an individual with knowledge of the situation tells The Hollywood Reporter.
Simmons joined the Academy as COO in 2018. The group hadn’t had someone in the role since 2013, when Ric Robertson resigned as COO. Simmons was responsible for the day-to-day management and enhancement of the Academy’s internal organization and infrastructure, with focus on the Academy Foundation, comprising the Margaret Herrick Library, Academy Film Archive, its educational programs and the Science and Technology Council.
It is unclear whether Simmons was let go or whether she decided to leave on her own accord.
Prior to becoming president and COO of the Los Angeles Sparks, Simmons served as executive vp of Magic Johnson Enterprises, where she led the day-to-day operations of the Sparks throughout the team’s first season.
- 7/1/2022
- by Beatrice Verhoeven
- The Hollywood Reporter - Movie News
Click here to read the full article.
The Academy of Motion Picture Arts and Sciences has named Bill Kramer, the current director and president of the Academy Museum of Motion Pictures, as its new CEO. Kramer will succeed Dawn Hudson, who has occupied the position for the past 11 years.
Sources tell The Hollywood Reporter that the Academy’s board of governors voted unanimously to offer Kramer the job, which he will begin on July 18.
As CEO, Kramer will oversee the Oscars as well as the Academy’s global membership, education and emerging talent initiative and extensive collections in the Margaret Herrick Library and Academy Film Archive, as well as the Academy Museum and its exhibitions, screenings, programs and operations.
Kramer was associated with the Academy Museum from its earliest stages. As the museum’s managing director of development and external relations starting in 2012, he raised 250 million to help get the project underway,...
The Academy of Motion Picture Arts and Sciences has named Bill Kramer, the current director and president of the Academy Museum of Motion Pictures, as its new CEO. Kramer will succeed Dawn Hudson, who has occupied the position for the past 11 years.
Sources tell The Hollywood Reporter that the Academy’s board of governors voted unanimously to offer Kramer the job, which he will begin on July 18.
As CEO, Kramer will oversee the Oscars as well as the Academy’s global membership, education and emerging talent initiative and extensive collections in the Margaret Herrick Library and Academy Film Archive, as well as the Academy Museum and its exhibitions, screenings, programs and operations.
Kramer was associated with the Academy Museum from its earliest stages. As the museum’s managing director of development and external relations starting in 2012, he raised 250 million to help get the project underway,...
- 6/7/2022
- by Beatrice Verhoeven and Scott Feinberg
- The Hollywood Reporter - Movie News
“It is so shiny and new and enormous!” said actress Anna Kendrick at the September 22 Academy Museum of Motion Pictures press conference — the museum’s final pre-opening press conference after financing shortfalls, earthquake retrofitting, leadership do-overs, and a pandemic lockdown — before the museum opens its doors September 30, nearly four years after its originally scheduled (and wildly optimistic) opening date.
Speaking in the round red-plush David Geffen Theater, which the Academy Museum hopes will attract multiple glitzy studio premieres (even if the bathrooms are all the way across a glass footbridge), Kendrick continued: “And it’s crammed with about 125 years’ worth of ideas, and dreams, and life-changing cinematic experiences. And I can tell you, everybody who works in the movies wants to see this place, and probably even more, be a part of it!”
If the actress was giddy with excitement, she might have been channeling the sentiments of the Academy...
Speaking in the round red-plush David Geffen Theater, which the Academy Museum hopes will attract multiple glitzy studio premieres (even if the bathrooms are all the way across a glass footbridge), Kendrick continued: “And it’s crammed with about 125 years’ worth of ideas, and dreams, and life-changing cinematic experiences. And I can tell you, everybody who works in the movies wants to see this place, and probably even more, be a part of it!”
If the actress was giddy with excitement, she might have been channeling the sentiments of the Academy...
- 9/25/2021
- by Anne Thompson
- Indiewire
“It is so shiny and new and enormous!” said actress Anna Kendrick at the September 22 Academy Museum of Motion Pictures press conference — the museum’s final pre-opening press conference after financing shortfalls, earthquake retrofitting, leadership do-overs, and a pandemic lockdown — before the museum opens its doors September 30, nearly four years after its originally scheduled (and wildly optimistic) opening date.
Speaking in the round red-plush David Geffen Theater, which the Academy Museum hopes will attract multiple glitzy studio premieres (even if the bathrooms are all the way across a glass footbridge), Kendrick continued: “And it’s crammed with about 125 years’ worth of ideas, and dreams, and life-changing cinematic experiences. And I can tell you, everybody who works in the movies wants to see this place, and probably even more, be a part of it!”
If the actress was giddy with excitement, she might have been channeling the sentiments of the Academy...
Speaking in the round red-plush David Geffen Theater, which the Academy Museum hopes will attract multiple glitzy studio premieres (even if the bathrooms are all the way across a glass footbridge), Kendrick continued: “And it’s crammed with about 125 years’ worth of ideas, and dreams, and life-changing cinematic experiences. And I can tell you, everybody who works in the movies wants to see this place, and probably even more, be a part of it!”
If the actress was giddy with excitement, she might have been channeling the sentiments of the Academy...
- 9/25/2021
- by Anne Thompson
- Thompson on Hollywood
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