The Academy of Motion Picture Arts and Sciences has undertaken a unique expansion in film preservation. As the rise of digital technology drastically
reduces the availability of film stock, the project accelerates the work of the Academy Film Archive to acquire and create new archival film masters and prints from at-risk elements. Under the banner "Film-to-Film," the $2 million initiative, approved by the
Academy’s Board of Governors, focuses largely on Academy Award®-winning and nominated films from across motion picture history, including works made as recently as the 1990s.
Read the press release here: http://www.oscars.org/press/pressreleases/2012/20120507a.html