By Michael Cieply Executive Editor For those who want more transparency from the Academy of Motion Picture Arts and Sciences—and that was certainly a core request in producer Michael Shamberg’s open letter to Academy leaders last week—it doesn’t get any clearer than the view presented in a 178-page offering document that introduced the group’s latest bond issue about two months ago.
The new bonds are meant to fund continuing work on the Academy’s $482-million movie museum, set to open in December. Like two earlier offerings, they were backed by the state-operated California Infrastructure and Economic Development Bank, and sold by Wells Fargo.
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