.Joerg Hiller.Sep 26, 2024 17:22.Runway launches The Hundred Film Fund to assist AI-augmented movie ventures along with approximately $5M in financing, possibly increasing to $10M. Path, a leading inventor in AI technology, has unveiled The Hundred Movie Fund, a brand new initiative developed to sustain imaginative experts dealing with AI-augmented movie ventures. Depending on to runwayml.com, the fund presently stands at $5 thousand, with the possible to grow to $10 million.Funding Features as well as Request Refine.The Hundred Film Fund levels to all formats of film, featuring features, shorts, films, speculative ventures, and also video.
Grants range coming from $5,000 to over $1 million, with an additional $2 million in Runway credits on call for recipients. Functions are actually currently open for artistic experts in the pre- or even post-production periods of their projects.Advisory Board.The fund’s Advisory Door features remarkable market figures who will certainly deliver assistance as well as aid enhance selected projects. Existing members of the board feature:.Jane Rosenthal, Cofounder of Tribeca Event.Christina Lee Storm, EMPG Guv at The Television Institute.Stefan Sonnenfeld, Founder as well as Elderly Colorist at Business 3.will.i.am, Musician, Actor, as well as Developer.Richard Kerris, VP GM Media & Home Entertainment at NVIDIA.A lot more participants are actually expected to become declared in the happening full weeks.Business Impact.Christina Lee Tornado, Creative Producer and also Governor of the Television Academy’s Emerging Media Shows colleagues, conveyed her excitement regarding the fund, specifying, “I’m enjoyed be signing up with the Advisory Door for Path’s Hundred Film Fund to assist provide producers and also musicians all over the world the opportunity to iterate and play with brand new as well as emerging devices like Runway.
I eagerly anticipate viewing new stories and also techniques of storytelling that this Fund will certainly uncover for filmmakers that may certainly not or else have the resources they require to inform their stories.”.Runway’s Goal.Runway strives to democratize access to state-of-the-art AI resources for creative professionals. The firm is committed to making sure that the future of narration is actually artist-led, with innovative innovations like Gen-3 Alpha at the center of their attempts.Professionals interested in obtaining the fund can possibly do therefore at runwayml.com/TheHundredFilmFund.Image source: Shutterstock.