Why Haim and Cheryl Saban’s $50 Million Donation to Academy Museum Almost Didn’t Happen

  • Variety
Haim and Cheryl Saban’s $50 million donation has landed them their name on the Academy Museum of Motion Pictures building on Miracle Mile in Los Angeles, but the billionaire philanthropists’ contribution to the project almost didn’t happen.

During Tuesday’s unveiling of the restored exterior of the new Saban Building (formerly the historic May Company department store flagship store) on Wilshire Boulevard, Haim recalled how Netflix boss Ted Sarandos invited him to dinner one night. The chairman-ceo of Saban Capital Group suspected that the Netflix boss was probably going to hit him up for a donation of some sort because he told him he was going to sit him next to Leonardo DiCaprio for the meal.

“I said, ‘How much?’” Haim said, before joking, “I knew this was not going well.'”

When Sarandos explained he was looking for funding for the museum, Haim quickly dismissed the idea, saying
See full article at Variety »

Similar News


Recently Viewed