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.

The Academy of Motion Picture Arts and Sciences announced a $500 million fundraising campaign Friday to ensure long-term, global support for its Oscar prizes, museum, educational programming and screenings in view of its 100th anniversary in 2028.

The venture was announced on Friday by Academy CEO Bill Kramer at a press conference in Rome hosted by Cinecittà studio. "The future of the Academy is global, and Academy100 will deepen our worldwide reach and impact,

Looking ahead to the 100th Oscars, AMPAS is kicking off a four-year $500 million fundraising campaign aimed at shoring up revenues and extending global influence.

The Academy of Motion Picture Arts and Sciences on Friday launched a global outreach campaign called Academy100 intended to expand its scope and connection with a worldwide base. Academy President Janet Yang and CEO Bill Kramer launched the Academy100 initiative,

The Academy of Motion Picture Arts and Sciences said Friday that it is launching Academy100, a $500 million “global revenue diversification and outreach campaign” that will lead up to the 100th Oscars ceremony in 2028.