The money will initially be covered by a $100m bond and then fundraising will officially launch once the museum opens later this year.
The Academy is now in a “silent phase” of a fundraising campaign to cover the money to finish the museum.
The much-delayed Academy Museum of Motion Pictures has gone $100m over budget.
The museum, which was supposed to open three years ago, will finally open its doors in December, as revealed during Sunday night’s Oscars.
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