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August 29, 2015 3:42 AM ET

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Company Overview of Smithsonian Institution

Company Overview

Smithsonian Institution owns and operates museums and research facilities. The institute offers object, artwork, and specimens display and exhibition and event management services. Additionally, it provides research services. Smithsonian Institution was founded in 1846 and is headquartered in Washington, District of Colombia.

SI Building

Room 153

MRC 010

Washington, DC 20013-7012

United States

Founded in 1846





Key Executives for Smithsonian Institution

Chief Financial Officer
President of Smithsonian Enterprises, President of Magazine Publishing and Publisher of Magazine Publishing
Editor-in-Chief of Smithsonian Magazine
Chief of Staff to the Secretary
Chief of Staff to the Board of Regents
Compensation as of Fiscal Year 2015.

Smithsonian Institution Key Developments

Smithsonian Launches New IMAX Laser Technology at Airbus IMAX Theater

Smithsonian Institution is launching IMAX's new laser projection system in the Airbus IMAX Theater at the Steven F. Udvar-Hazy Center in Chantilly, Va., May 1--just in time for the release of Marvel's latest film, Avengers: Age of Ultron. The new system represents a quantum leap forward in cinema technology--providing audiences with the sharpest, brightest, clearest and most vivid digital images ever, combined with a new level of immersive audio. The Airbus IMAX Theater will be among the first few theaters in the world to feature this cutting-edge technology. The Airbus Theater's 86-by-63-foot screen is one of the large screens in the region. The theater's upgrade will include a brand-new screen and new 3-D glasses that optimize the laser-system experience in addition to the new sound and projection system. The theater will reopen with a new lineup of films, including Journey to Space, Living in the Age of Airplanes, Avengers: Age of Ultron, and coming soon: Tomorrowland. The new IMAX laser system is a reimagination of the movie-theater experience. The dual 4K laser projection system is equipped with a new optical engine and suite of proprietary technologies capable of projecting an image with up to a 1.43:1 aspect ratio with maximum resolution and sharpness, unparalleled 2-D and 3-D brightness, contrast and an expanded color gamut that will allow filmmakers to present more vivid and exotic colors than ever before. The next-generation sound system delivers greater power and precision for ultimate audio immersion. The new system has been upgraded to twelve discrete channels plus sub-bass, and includes additional side channels and new overhead channels that will improve the system's ability to position sounds around the audience. In addition to built-in image calibration and audio-tuning features, the system is linked to a 24/7/365 Network Operations Center that is constantly monitoring thousands of points of information to ensure optimum performance, show after show. The combination of these new advances together with images and soundtracks remastered specifically for the new laser system will further elevate the audience's ability to suspend disbelief through the world's most advanced cinema technology.

Smithsonian Announces Executive Changes, Effective Jan. 1, 2015

Smithsonian Chancellor John G. Roberts, Jr., Chief Justice of the United States, has appointed senior Smithsonian official Albert G. Horvath to be Acting Secretary of the Smithsonian. Horvath will serve in the top leadership position from Jan. 1, 2015 through June 30, 2015, after retiring Secretary Wayne Clough departs at the end of December and before incoming Secretary David Skorton arrives July 1, 2015. Horvath has been the Smithsonians Under Secretary for Finance and Administration and chief financial officer since 2011. He manages major administrative units, including facilities and maintenance, human resources, security, capital projects/construction, information technology and financial operations. He oversees a $1.3 billion operating budget and $200 million capital budget. As Acting Secretary, Horvath will oversee a staff of nearly 6,400 and multiple projects that are underway, including construction of the National Museum of African American History and Culture and a major digitization project to help increase public access to the Smithsonians collections online.

Smithsonian Institution Appoints Michael Lynton as Board Member

Michael Lynton, CEO of Sony Entertainment Inc., has been appointed a member of the Smithsonians Board of Regents. President Barack Obama signed the resolution September 30, 2014 appointing him as a citizen regent. Lyntons six-year term begins immediately. The 17-member the company Board of Regents includes nine citizen members, three members of the House of representatives and three members of the Senate, as well as the chief justice of the United States and the vice president, both ex officio voting members. The Board of Regents is the governing body of the company. Lynton takes the board position vacated by France Crdova, who served from 2009 to March 2014, when she was sworn in as director of the National Science Foundation. The Board of Regents meets four times a year at the company. Chief Justice John Roberts Jr. presides over the meetings as chancellor, and John McCarter is the Chair of the Board. Throughout his tenure at Sony Entertainment Inc., Lynton has emphasized environmental sustainability, resulting in recognition from the Environmental Media Association and Habitat for Humanity among others. Before joining Sony, Lynton worked for Time Warner Entertainment Co. in various capacities and chairman and CEO of Pearson PLCs Penguin Group. Lynton also served as president of the Walt Disney Company’s Disney Publishing, which he started, and Disneys Hollywood Pictures.

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