Jeffrey Katzenberg, chief executive of DreamWorks Animation SKG Inc. and chairman of the Motion Picture & Television Fund’s fund-raising board, says the fund’s 114-resident nursing home needs to close in order to preserve other programs helping Hollywood’s elderly.

“It will bankrupt the motion-picture fund if we stay the course that we’re on,” said Katzenberg, whose charitable foundation gave $100,000 to MPTF in 2007, according to tax returns.

but relatives of the home’s residents are fighting to keep the home open, leading to a public battle pitting the families, unionized nurses and other caregivers against Katzenberg, actor Michael Douglas and Frank G. Mancuso, who led Paramount Pictures and MGM and now chairs the foundation’s corporate board.

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