.Joerg Hiller.Sep 26, 2024 17:22.Runway launches The Hundred Film Fund to sustain AI-augmented film ventures along with up to $5M in financing, possibly developing to $10M. Path, a leading inventor in AI technology, has introduced The Hundred Movie Fund, a new project developed to support imaginative specialists dealing with AI-augmented film ventures. According to runwayml.com, the fund presently stands up at $5 million, with the prospective to expand to $10 thousand.Backing Particulars and also Request Refine.The Hundred Movie Fund is open to all layouts of film, consisting of attributes, shorts, films, experimental projects, as well as music videos.
Grants vary coming from $5,000 to over $1 million, along with an additional $2 million in Runway credits accessible for awardees. Applications are right now available for imaginative experts in the pre- or post-production phases of their projects.Advisory Door.The fund’s Advisory Door includes significant sector figures who will offer advice and also aid magnify decided on tasks. Current members of the door consist of:.Jane Rosenthal, Cofounder of Tribeca Celebration.Christina Lee Tornado, EMPG Guv at The Television Institute.Stefan Sonnenfeld, Creator and Senior Colorist at Provider 3.will.i.am, Performer, Star, as well as Manufacturer.Richard Kerris, VP GM Media & Entertainment at NVIDIA.Extra participants are expected to be revealed in the happening full weeks.Field Effect.Christina Lee Storm, Creative Manufacturer and Governor of the Television Academy’s Developing Media Programming peer group, revealed her enjoyment about the fund, saying, “I am actually thrilled to be actually joining the Advisory Door for Runway’s Hundred Film Fund to help offer filmmakers and musicians around the world the opportunity to repeat and also enjoy with brand new as well as surfacing resources like Path.
I look forward to seeing brand new tales as well as procedures of storytelling that this Fund are going to uncover for producers who may not typically have the resources they require to tell their stories.”.Path’s Mission.Path strives to democratize accessibility to state-of-the-art AI resources for creative professionals. The business is actually committed to making certain that the future of narration is actually artist-led, with innovative modern technologies like Gen-3 Alpha at the leading edge of their efforts.Specialists considering applying for the fund can possibly do thus at runwayml.com/TheHundredFilmFund.Image source: Shutterstock.