BEVERLY HILLS, CA – The Academy of Motion Picture Arts and Sciences announced that it has reached its initial goal of $100 million toward a $250 million capital campaign to fund the upcoming Academy Museum of Motion Pictures. Concurrently, the Academy unveiled its vision for the first major U.S. museum dedicated exclusively to the history and ongoing development of motion pictures. Designed by award-winning architects Renzo Piano and Zoltan Pali, the non-profit museum which will be located in the historic May Company Wilshire building in Los Angeles, is slated to open in 2016.