.Joerg Hiller.Sep 26, 2024 17:22.Runway launches The Hundred Movie Fund to sustain AI-augmented film ventures with as much as $5M in financing, likely expanding to $10M. Path, a leading trailblazer in AI technology, has introduced The Hundred Movie Fund, a brand new campaign developed to assist artistic specialists working on AI-augmented film ventures. According to runwayml.com, the fund presently stands at $5 million, along with the prospective to develop to $10 thousand.Backing Details and also Application Refine.The Hundred Movie Fund levels to all formats of film, consisting of features, pants, docudramas, experimental projects, and also video.
Grants range coming from $5,000 to over $1 million, with an additional $2 thousand in Path credits accessible for recipients. Applications are actually currently available for creative experts in the pre- or even post-production periods of their ventures.Advisory Door.The fund’s Advisory Panel consists of significant business characters who are going to deliver assistance and also support enhance chosen ventures. Existing members of the panel consist of:.Jane Rosenthal, Cofounder of Tribeca Celebration.Christina Lee Hurricane, EMPG Guv at The Tv Institute.Stefan Sonnenfeld, Owner and also Senior Colorist at Firm 3.will.i.am, Performer, Star, and also Manufacturer.Richard Kerris, VP GM Media & Amusement at NVIDIA.Even more participants are anticipated to become revealed in the coming full weeks.Field Influence.Christina Lee Tornado, Creative Manufacturer as well as Guv of the Tv Academy’s Arising Media Shows peer group, expressed her excitement concerning the fund, explaining, “I’m thrilled to be actually signing up with the Advisory Panel for Runway’s Hundred Movie Fund to help give filmmakers as well as artists worldwide the chance to iterate and enjoy with brand new as well as surfacing devices like Runway.
I look forward to finding brand new tales and methods of narration that this Fund will definitely uncover for filmmakers that might certainly not or else have the sources they need to inform their tales.”.Runway’s Purpose.Path strives to democratize access to innovative AI resources for creative professionals. The company is devoted to making certain that the future of narration is artist-led, along with ingenious technologies like Gen-3 Alpha at the forefront of their initiatives.Professionals thinking about applying for the fund may do thus at runwayml.com/TheHundredFilmFund.Image source: Shutterstock.