.Joerg Hiller.Sep 26, 2024 17:22.Runway launches The Hundred Movie Fund to assist AI-augmented movie projects along with as much as $5M in backing, potentially increasing to $10M. Path, a leading innovator in AI modern technology, has actually introduced The Hundred Film Fund, a new effort developed to assist innovative professionals dealing with AI-augmented film jobs. According to runwayml.com, the fund currently stands up at $5 thousand, with the possible to develop to $10 million.Funding Details and also Application Refine.The Hundred Movie Fund is open to all layouts of movie, consisting of attributes, shorts, docudramas, speculative tasks, and music videos.
Grants range from $5,000 to over $1 million, along with an added $2 thousand in Runway credit scores readily available for awardees. Functions are actually currently open for imaginative specialists in the pre- or post-production phases of their projects.Advisory Board.The fund’s Advisory Panel includes significant field characters who will definitely offer advice and also support enhance chosen ventures. Present members of the board consist of:.Jane Rosenthal, Cofounder of Tribeca Festival.Christina Lee Hurricane, EMPG Governor at The Tv Institute.Stefan Sonnenfeld, Founder and Elderly Colorist at Provider 3.will.i.am, Performer, Star, as well as Producer.Richard Kerris, VP GM Media & Home Entertainment at NVIDIA.More members are assumed to become declared in the happening weeks.Industry Effect.Christina Lee Storm, Creative Manufacturer and also Governor of the Television Academy’s Arising Media Programming colleagues, shared her pleasure about the fund, saying, “I’m enjoyed be signing up with the Advisory Board for Runway’s Hundred Film Fund to assist give filmmakers and performers all over the world the chance to iterate as well as have fun with brand-new and also arising devices like Path.
I look forward to seeing brand-new stories as well as techniques of storytelling that this Fund will certainly open for filmmakers that may certainly not or else have the resources they need to have to inform their tales.”.Path’s Purpose.Path intends to equalize access to state-of-the-art AI devices for innovative professionals. The provider is actually dedicated to ensuring that the future of narration is actually artist-led, along with cutting-edge modern technologies like Gen-3 Alpha at the leading edge of their initiatives.Specialists curious about getting the fund can possibly do thus at runwayml.com/TheHundredFilmFund.Image source: Shutterstock.