The Shanghai Film Museum, covering a massive 108,000 square feet, opened today (Monday), featuring some 3,000 exhibits. The city is regarded as the birthplace of Chinese filmmaking and many of the exhibits describe its role in the development of the industry in China. Reporting on the opening of the museum, the state-run Xinhua news service noted that several U.S. film companies, including Disney and Dreamworks, have contributed to productions in Shanghai in recent years. Efforts to launch a movie museum in Hollywood have never been successful, although the Academy of Motion Picture Arts and Sciences, which hands out the annual Oscar awards, announced last October that it plans to refurbish the 300,000-square-foot former May Co. department store and open it as The The Academy Museum of Motion Pictures in 2016. The Academy Is attempting to raise $200 million to complete the project.