.Joerg Hiller.Sep 26, 2024 17:22.Path launches The Hundred Film Fund to sustain AI-augmented movie ventures with around $5M in funding, possibly expanding to $10M. Runway, a leading pioneer in artificial intelligence technology, has introduced The Hundred Film Fund, a brand new initiative designed to assist creative experts dealing with AI-augmented film jobs. Depending on to runwayml.com, the fund currently stands at $5 thousand, along with the prospective to develop to $10 million.Financing Particulars and also Request Refine.The Hundred Movie Fund is open to all layouts of movie, consisting of components, pants, docudramas, experimental jobs, and also video.
Grants range coming from $5,000 to over $1 thousand, with an additional $2 million in Path debts available for awardees. Apps are currently available for innovative experts in the pre- or post-production stages of their tasks.Advisory Door.The fund’s Advisory Board consists of distinctive sector personalities that will definitely offer assistance and also assistance magnify chosen tasks. Current participants of the board feature:.Jane Rosenthal, Cofounder of Tribeca Festival.Christina Lee Hurricane, EMPG Guv at The Television Institute.Stefan Sonnenfeld, Creator as well as Senior Colorist at Business 3.will.i.am, Performer, Actor, and Developer.Richard Kerris, VP GM Media & Home Entertainment at NVIDIA.A lot more participants are expected to be announced in the coming weeks.Market Impact.Christina Lee Tornado, Creative Producer as well as Guv of the Tv Academy’s Emerging Media Programs colleagues, expressed her excitement regarding the fund, saying, “I am actually enjoyed be participating in the Advisory Board for Runway’s Hundred Movie Fund to aid offer filmmakers as well as performers worldwide the chance to repeat and play with new as well as emerging devices like Path.
I look forward to finding new tales as well as approaches of narration that this Fund will certainly open for filmmakers that might certainly not otherwise have the information they require to inform their stories.”.Path’s Mission.Runway strives to equalize access to enhanced AI tools for creative specialists. The firm is committed to ensuring that the future of storytelling is artist-led, along with ingenious technologies like Gen-3 Alpha at the leading edge of their attempts.Professionals thinking about getting the fund can do thus at runwayml.com/TheHundredFilmFund.Image resource: Shutterstock.