The Academy of Motion Picture Arts and Sciences voted yesterday to open a film museum in the former May Company building at Wilshire and Fairfax.
The building will be leased from the Los Angeles County Museum of Art, which is located nearby. LACMA will offer "guidance" to the Academy.
The New York Times reports the museum could be open in three to five years.
Hopefully this new museum will also help ensure the continuation of LACMA's troubled film program, which this summer acquired a new curator, Elvis Mitchell.