.Joerg Hiller.Sep 26, 2024 17:22.Runway launches The Hundred Film Fund to sustain AI-augmented film projects along with around $5M in backing, possibly developing to $10M. Runway, a leading pioneer in AI modern technology, has introduced The Hundred Film Fund, a brand new initiative designed to sustain artistic experts servicing AI-augmented film projects. Depending on to runwayml.com, the fund currently stands at $5 million, with the possible to expand to $10 thousand.Funding Information and Treatment Refine.The Hundred Movie Fund is open to all styles of movie, featuring functions, shorts, documentaries, experimental ventures, as well as music videos.
Grants range coming from $5,000 to over $1 thousand, with an added $2 thousand in Path credit scores accessible for awardees. Apps are actually right now open for creative specialists in the pre- or post-production stages of their tasks.Advisory Board.The fund’s Advisory Panel features notable sector personalities who will certainly give direction and also assistance amplify decided on ventures. Current participants of the board include:.Jane Rosenthal, Cofounder of Tribeca Festivity.Christina Lee Storm, EMPG Governor at The Television Institute.Stefan Sonnenfeld, Founder as well as Senior Colorist at Business 3.will.i.am, Artist, Actor, and Manufacturer.Richard Kerris, VP GM Media & Enjoyment at NVIDIA.Even more participants are actually assumed to be declared in the coming full weeks.Industry Effect.Christina Lee Storm, Creative Manufacturer and also Governor of the Tv Institute’s Developing Media Computer programming peer group, showed her enjoyment about the fund, stating, “I am actually thrilled to be actually participating in the Advisory Panel for Runway’s Hundred Film Fund to assist provide producers as well as performers all over the world the option to repeat and play with brand new and developing tools like Path.
I expect viewing new stories and strategies of narration that this Fund will definitely uncover for producers that may certainly not or else have the information they require to inform their tales.”.Path’s Objective.Runway targets to equalize accessibility to state-of-the-art AI resources for innovative experts. The firm is actually devoted to guaranteeing that the future of storytelling is artist-led, with innovative modern technologies like Gen-3 Alpha at the forefront of their attempts.Professionals curious about securing the fund can possibly do thus at runwayml.com/TheHundredFilmFund.Image source: Shutterstock.