.Joerg Hiller.Sep 26, 2024 17:22.Runway launches The Hundred Movie Fund to support AI-augmented movie tasks along with around $5M in funding, likely expanding to $10M. Path, a leading trailblazer in artificial intelligence technology, has actually unveiled The Hundred Film Fund, a brand-new effort developed to support innovative professionals working with AI-augmented film projects. Depending on to runwayml.com, the fund currently stands at $5 million, along with the potential to increase to $10 million.Funding Features as well as Application Process.The Hundred Film Fund is open to all formats of film, including features, shorts, docudramas, speculative ventures, and music videos.
Grants range coming from $5,000 to over $1 million, along with an extra $2 million in Runway credit histories available for recipients. Apps are actually currently accessible for creative specialists in the pre- or post-production periods of their ventures.Advisory Board.The fund’s Advisory Door features distinctive field personalities that are going to supply advice as well as help amplify picked tasks. Current members of the panel feature:.Jane Rosenthal, Cofounder of Tribeca Festival.Christina Lee Hurricane, EMPG Guv at The Television Institute.Stefan Sonnenfeld, Founder as well as Elderly Colorist at Business 3.will.i.am, Artist, Star, and also Developer.Richard Kerris, VP GM Media & Home Entertainment at NVIDIA.Extra members are actually expected to be announced in the happening weeks.Market Effect.Christina Lee Tornado, Creative Manufacturer and Guv of the Television Institute’s Arising Media Programs colleagues, expressed her enjoyment regarding the fund, specifying, “I’m enjoyed be actually joining the Advisory Door for Runway’s Hundred Film Fund to assist provide filmmakers as well as artists around the world the chance to repeat and also have fun with brand new as well as arising tools like Path.
I anticipate observing new tales and procedures of storytelling that this Fund will open for producers that might not otherwise have the sources they need to have to inform their tales.”.Path’s Goal.Path intends to equalize accessibility to sophisticated AI tools for creative experts. The provider is devoted to making certain that the future of narration is artist-led, along with cutting-edge modern technologies like Gen-3 Alpha at the center of their initiatives.Specialists interested in getting the fund can do so at runwayml.com/TheHundredFilmFund.Image source: Shutterstock.