The Academy of Motion Picture Arts and Sciences on Friday launched a $500 million fundraising drive, pegged to the upcoming centenary of the Oscars. Named Academy100 -- ahead of the 100th Oscars ceremony, set for 2028 -- the drive is intended to diversify finances for the group, which plays a key role in fostering new filmmakers and preserving movies, as well as handing out the annual Academy Awards.

Oscars Academy, at pivotal point, launches $500 million fundraising drive

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Oscars Academy, at pivotal point, launches $500 million fundraising drive