The Academy of Motion Picture Arts and Sciences is working on raising money for the planned museum, to be built next to the L.A. County Museum of Modern Art on the Miracle Mile and to open in 2017. The goal is to reach $300 million, and the Academy says it has raised more than $150 million.
Ratner directed the "Rush Hour" film trilogy and "X-Men: The Last Stand," among others.
"I was blown away by the recent Kubrick exhibit at LACMA, which the Academy co-sponsored," said Ratner. "I couldn't be more excited that our Academy will finally have its own museum that will preserve and exhibit cinema's greatest work."
Visitors will be able to see items from the Academy's collection, which includes more than 140,000 films, 10 million photographs, 42,000 original film posters, 10,000 production drawings, costumes, props and movie-making equipment, according to the Academy.
City News Service contributed to this report.