.Joerg Hiller.Sep 26, 2024 17:22.Runway launches The Hundred Film Fund to assist AI-augmented movie tasks with as much as $5M in financing, likely growing to $10M. Runway, a leading trendsetter in AI technology, has actually unveiled The Hundred Movie Fund, a brand new campaign created to support innovative professionals servicing AI-augmented film ventures. According to runwayml.com, the fund presently stands up at $5 thousand, along with the prospective to increase to $10 thousand.Backing Information and also Application Refine.The Hundred Movie Fund levels to all formats of movie, consisting of features, shorts, documentaries, speculative ventures, as well as music videos.
Grants range from $5,000 to over $1 million, with an extra $2 thousand in Path credit ratings accessible for awardees. Apps are actually now open for creative experts in the pre- or post-production phases of their jobs.Advisory Panel.The fund’s Advisory Board features significant business characters who will certainly offer advice as well as aid magnify picked projects. Current members of the door feature:.Jane Rosenthal, Cofounder of Tribeca Festival.Christina Lee Tornado, EMPG Guv at The Tv Institute.Stefan Sonnenfeld, Founder and also Senior Colorist at Firm 3.will.i.am, Performer, Star, and Manufacturer.Richard Kerris, VP GM Media & Home Entertainment at NVIDIA.Much more members are expected to be revealed in the happening weeks.Field Impact.Christina Lee Storm, Creative Producer as well as Guv of the Tv Institute’s Surfacing Media Computer programming peer group, revealed her exhilaration regarding the fund, stating, “I am actually enjoyed be signing up with the Advisory Panel for Runway’s Hundred Film Fund to assist give producers and also performers worldwide the chance to repeat as well as play with brand new and also emerging tools like Runway.
I eagerly anticipate seeing brand new stories and also methods of storytelling that this Fund are going to uncover for filmmakers who might certainly not otherwise have the information they require to inform their tales.”.Path’s Purpose.Runway intends to equalize access to enhanced AI resources for creative specialists. The company is committed to making sure that the future of storytelling is artist-led, along with ingenious innovations like Gen-3 Alpha at the leading edge of their attempts.Specialists interested in getting the fund can do so at runwayml.com/TheHundredFilmFund.Image source: Shutterstock.