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

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. It comes at a time when viewership of the Oscars has drastically shrunk, and as the Academy's lucrative, long-standing broadcast deal with ABC for the ceremony telecast is nearing its end. "The Academy will soon enter its second century, and we...