[Los Angeles Times]

The old May Co. building at LACMA will be converted into the Academy Museum of Motion Pictures for the Academy of Motion Pictures and Arts and Sciences. (Anne Cusack / Los Angeles Times)

The Chinese media conglomerate the Dalian Wanda Group has donated $20 million to the Academy of Motion Picture Arts & Sciences for its film museum. In recognition of the gift — the museum’s second-largest to date — the museum’s film history gallery will now be named the Wanda Gallery.

The Dalian Wanda group owns AMC Theatres, and its head, Wang Jianlin, has said he wants to invest $10 billion in U.S. companies in the next decade.

“The Academy Museum of Motion Pictures is a global cultural institution and the Dalian Wanda Group’s support of the project speaks to the worldwide importance and the appeal of the movies,” said museum campaign chair Bob Iger, chairman and chief executive of the Walt Disney Co. “Their gift to the academy museum is a huge boost to our efforts to design and build the world’s leading movie museum.”

As part of a larger partnership with the Dalian Wanda Group, the academy said in a news release that it would extend its global programming reach and advise the Dalian Wanda Group on film screenings and symposia in China.

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