Like any healthy organization, we need diverse revenue to sustain our operations, he said.
So much of the money that comes in is tied to our deal with Disney/ABC for the Oscars telecast.
ABC has aired the Oscars since 1976.
Bill Kramer, CEO of the Academy of Motion Picture Arts And SciencesJC Olivera/Getty Images
Kramer noted the Academy 100 capital campaign, which wasannouncedin May.
The panel was a fairly novel setting for a top Academy official.
Movies are being made and movies are being consumed, and thats whats important to the Academy.
But in all of this, these are shared, communal experiences.
Nothing replicates being in a space together and engaging with art.
Young audiences especially are so discerning, he said.
They turned out for the screening because we have the best projection, the best sound.
We all grew up with that, it was sort of a badge of honor.
I think young audiences expect more.
