.Joerg Hiller.Sep 26, 2024 17:22.Path launches The Hundred Movie Fund to assist AI-augmented film tasks along with up to $5M in funding, potentially expanding to $10M. Runway, a leading innovator in AI innovation, has actually revealed The Hundred Movie Fund, a brand-new initiative designed to sustain innovative professionals dealing with AI-augmented movie projects. According to runwayml.com, the fund presently stands up at $5 million, with the prospective to grow to $10 thousand.Funding Facts as well as Request Refine.The Hundred Film Fund is open to all layouts of film, including components, shorts, docudramas, speculative tasks, as well as video.
Grants range from $5,000 to over $1 million, along with an additional $2 thousand in Runway credit scores offered for recipients. Applications are right now available for innovative specialists in the pre- or post-production periods of their projects.Advisory Door.The fund’s Advisory Board consists of distinctive business figures that are going to provide advice and aid boost decided on projects. Current members of the door include:.Jane Rosenthal, Cofounder of Tribeca Festivity.Christina Lee Hurricane, EMPG Guv at The Tv Academy.Stefan Sonnenfeld, Owner as well as Elderly Colorist at Company 3.will.i.am, Artist, Actor, as well as Producer.Richard Kerris, VP GM Media & Home Entertainment at NVIDIA.Much more members are actually expected to become announced in the coming weeks.Sector Impact.Christina Lee Tornado, Creative Developer and Governor of the Television Academy’s Emerging Media Computer programming colleagues, showed her pleasure about the fund, explaining, “I am actually thrilled to be actually participating in the Advisory Board for Runway’s Hundred Film Fund to assist give producers and also artists around the world the opportunity to repeat and also play with brand new as well as developing devices like Path.
I await viewing brand-new stories as well as strategies of storytelling that this Fund will certainly unlock for filmmakers that may certainly not or else possess the resources they require to tell their tales.”.Runway’s Mission.Path targets to democratize accessibility to advanced AI tools for imaginative experts. The firm is devoted to making certain that the future of storytelling is artist-led, along with innovative modern technologies like Gen-3 Alpha at the center of their efforts.Professionals thinking about requesting the fund can do so at runwayml.com/TheHundredFilmFund.Image source: Shutterstock.