LONG ISLAND CITY — Media mogul Sumner Redstone has given $3 million to the Museum of the Moving Image in Queens, which will rename its main theater after him, the museum announced this week.
The billionaire Redstone is the executive chairman of Viacom Inc. and CBS Corporation. He also leads his own charitable organization, which funds anti-poverty programs and medical research around the globe, as well as media-related ventures — the group donated $10 million to California's USC School of Cinematic Arts earlier this year.
"Mr. Redstone’s gift will allow the Museum to advance and expand its important mission as we enter our 25th year," Museum of the Moving Image Chairman Herbert Schlosser said in a statement. "We cannot thank him enough for this transformative gift.”
“I am proud to support the work of this iconic cultural center which so skillfully melds my two lifelong loves — of entertainment and learning," Redstone said in a press release.
The museum plans to officially rename its main theater The Redstone Theater next month. The 267-seat theater was built in 2011 as part of a major renovation project at the museum.
The Museum of the Moving Image celebrates its 25th anniversary this year. Its current main exhibit, open through June 16, examines the evolution of the music video.