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At its annual Art+Film Gala, @LACMA reached a new fundraising record for the event. The Gala raised over $6.4 million, which will support LACMA film programs and the museum’s ongoing initiatives. See highlights from the event: https://t.co/bIoT4LOUSh.
The Hollywood Reporter has obtained internal financial data for the Film Academy, showing a rise in Oscars revenue, but declines at the Academy Museum in LA. https://t.co/AjDTFoDxLr
They are costly, labor-intensive and seemingly dated, but cultural organizations say lavish galas remain essential to pleasing donors and paying the bills. https://t.co/CkjOpPNDnE
The Academy of Motion Picture Arts & Sciences reported a slight increase in revenue from the 2024 Oscars, attributed to higher ABC rights fees and improved ratings. However, internal financial data indicates that the Academy Museum in Los Angeles is experiencing a decline in revenue. This situation highlights potential challenges for the museum despite the overall boost from the Oscars. Additionally, the Los Angeles County Museum of Art (LACMA) achieved a fundraising milestone at its annual Art+Film Gala, raising over $6.4 million to support its film programs and ongoing initiatives.
