.Joerg Hiller.Sep 26, 2024 17:22.Runway launches The Hundred Film Fund to sustain AI-augmented movie ventures along with approximately $5M in backing, likely expanding to $10M. Runway, a leading trendsetter in AI modern technology, has actually revealed The Hundred Film Fund, a brand new campaign created to sustain imaginative specialists focusing on AI-augmented movie tasks. Depending on to runwayml.com, the fund presently stands up at $5 million, along with the prospective to grow to $10 million.Funding Particulars as well as Request Refine.The Hundred Movie Fund is open to all styles of movie, including features, shorts, documentaries, experimental tasks, and also video.
Grants range from $5,000 to over $1 million, with an extra $2 million in Path credit reports on call for recipients. Apps are actually now open for innovative specialists in the pre- or post-production stages of their jobs.Advisory Door.The fund’s Advisory Board includes remarkable industry personalities who will definitely supply assistance and help boost picked projects. Present participants of the door include:.Jane Rosenthal, Cofounder of Tribeca Festival.Christina Lee Hurricane, EMPG Guv at The Tv Academy.Stefan Sonnenfeld, Creator as well as Senior Colorist at Business 3.will.i.am, Performer, Actor, and Manufacturer.Richard Kerris, VP GM Media & Home Entertainment at NVIDIA.Even more participants are assumed to be introduced in the coming weeks.Market Influence.Christina Lee Hurricane, Creative Manufacturer as well as Governor of the Tv Academy’s Arising Media Programs colleagues, expressed her excitement regarding the fund, saying, “I am actually thrilled to be actually joining the Advisory Panel for Path’s Hundred Movie Fund to aid give filmmakers as well as performers all over the world the possibility to iterate and also enjoy with brand-new and also emerging devices like Runway.
I expect finding new stories and methods of narration that this Fund will unlock for producers who might certainly not otherwise have the resources they need to have to tell their stories.”.Path’s Goal.Path intends to democratize accessibility to advanced AI devices for creative experts. The business is actually committed to ensuring that the future of storytelling is artist-led, along with impressive innovations like Gen-3 Alpha at the leading edge of their efforts.Experts curious about applying for the fund can possibly do therefore at runwayml.com/TheHundredFilmFund.Image resource: Shutterstock.