.Joerg Hiller.Sep 26, 2024 17:22.Runway launches The Hundred Movie Fund to sustain AI-augmented movie jobs with up to $5M in funding, likely developing to $10M. Path, a leading innovator in artificial intelligence technology, has actually introduced The Hundred Film Fund, a brand-new initiative designed to sustain creative experts working with AI-augmented film projects. According to runwayml.com, the fund currently stands up at $5 million, with the potential to expand to $10 thousand.Financing Highlights and also Treatment Process.The Hundred Film Fund is open to all layouts of movie, consisting of components, shorts, documentaries, experimental jobs, and also video.
Grants vary from $5,000 to over $1 thousand, with an added $2 thousand in Path credits on call for recipients. Apps are actually currently available for creative experts in the pre- or even post-production stages of their jobs.Advisory Door.The fund’s Advisory Door includes remarkable sector characters who are going to offer advice and also support intensify decided on projects. Existing participants of the panel include:.Jane Rosenthal, Cofounder of Tribeca Event.Christina Lee Storm, EMPG Guv at The Tv Institute.Stefan Sonnenfeld, Founder as well as Elderly Colorist at Company 3.will.i.am, Performer, Star, as well as Developer.Richard Kerris, VP GM Media & Enjoyment at NVIDIA.Extra participants are anticipated to become declared in the coming weeks.Sector Influence.Christina Lee Storm, Creative Developer as well as Guv of the Tv Institute’s Arising Media Computer programming peer group, shared her pleasure about the fund, mentioning, “I’m thrilled to be participating in the Advisory Board for Path’s Hundred Movie Fund to assist offer producers and also performers around the globe the chance to iterate and also enjoy with brand-new and also arising resources like Runway.
I eagerly anticipate observing brand-new stories and also methods of storytelling that this Fund will unlock for producers who may not otherwise possess the information they require to tell their stories.”.Runway’s Purpose.Runway aims to democratize accessibility to sophisticated AI resources for artistic specialists. The provider is dedicated to making sure that the future of narration is artist-led, with impressive modern technologies like Gen-3 Alpha at the center of their initiatives.Professionals curious about applying for the fund may do therefore at runwayml.com/TheHundredFilmFund.Image source: Shutterstock.