.Joerg Hiller.Sep 26, 2024 17:22.Runway launches The Hundred Movie Fund to support AI-augmented movie projects along with approximately $5M in backing, potentially growing to $10M. Runway, a leading pioneer in artificial intelligence innovation, has unveiled The Hundred Movie Fund, a new initiative made to support artistic specialists working with AI-augmented movie jobs. Depending on to runwayml.com, the fund presently stands up at $5 million, along with the prospective to increase to $10 million.Funding Facts and also Request Process.The Hundred Film Fund is open to all styles of movie, consisting of components, shorts, documentaries, experimental jobs, and also video.
Grants vary from $5,000 to over $1 million, with an additional $2 million in Runway credit reports offered for recipients. Apps are actually currently accessible for innovative experts in the pre- or post-production phases of their tasks.Advisory Panel.The fund’s Advisory Door features distinctive sector personalities that are going to give guidance and help amplify picked jobs. Current participants of the door consist of:.Jane Rosenthal, Cofounder of Tribeca Festivity.Christina Lee Storm, EMPG Governor at The Television Academy.Stefan Sonnenfeld, Founder and Senior Colorist at Company 3.will.i.am, Artist, Actor, as well as Manufacturer.Richard Kerris, VP GM Media & Entertainment at NVIDIA.A lot more members are anticipated to be introduced in the coming full weeks.Field Impact.Christina Lee Storm, Creative Producer as well as Governor of the Television Institute’s Surfacing Media Programs peer group, shared her excitement about the fund, saying, “I’m thrilled to be actually participating in the Advisory Panel for Path’s Hundred Film Fund to help provide filmmakers and also musicians around the world the possibility to iterate as well as enjoy with brand new and also emerging resources like Path.
I look forward to viewing brand new tales and approaches of storytelling that this Fund are going to uncover for producers that may certainly not typically have the sources they need to have to inform their stories.”.Path’s Goal.Runway intends to democratize accessibility to state-of-the-art AI resources for imaginative professionals. The company is devoted to making certain that the future of storytelling is actually artist-led, with impressive technologies like Gen-3 Alpha at the leading edge of their initiatives.Experts interested in making an application for the fund may do so at runwayml.com/TheHundredFilmFund.Image resource: Shutterstock.