.Joerg Hiller.Sep 26, 2024 17:22.Path launches The Hundred Film Fund to sustain AI-augmented movie ventures with as much as $5M in backing, likely increasing to $10M. Runway, a leading innovator in artificial intelligence technology, has revealed The Hundred Movie Fund, a new effort developed to support innovative professionals dealing with AI-augmented movie projects. Depending on to runwayml.com, the fund currently stands at $5 thousand, along with the potential to develop to $10 thousand.Funding Details and also Treatment Refine.The Hundred Movie Fund is open to all styles of film, featuring attributes, pants, films, speculative projects, and also music videos.
Grants range coming from $5,000 to over $1 million, along with an added $2 million in Path credit histories readily available for awardees. Applications are right now available for imaginative professionals in the pre- or even post-production periods of their ventures.Advisory Panel.The fund’s Advisory Panel features notable industry characters that are going to supply direction and aid intensify selected projects. Current participants of the board consist of:.Jane Rosenthal, Cofounder of Tribeca Festival.Christina Lee Hurricane, EMPG Guv at The Television Academy.Stefan Sonnenfeld, Founder and also Elderly Colorist at Company 3.will.i.am, Artist, Star, and Developer.Richard Kerris, VP GM Media & Amusement at NVIDIA.More members are actually expected to be introduced in the coming full weeks.Industry Impact.Christina Lee Storm, Creative Producer as well as Governor of the Tv Academy’s Developing Media Programs peer group, conveyed her exhilaration concerning the fund, stating, “I am actually thrilled to be actually joining the Advisory Panel for Runway’s Hundred Film Fund to assist provide filmmakers as well as artists worldwide the opportunity to repeat and have fun with new and arising tools like Path.
I await viewing new tales as well as methods of storytelling that this Fund are going to uncover for filmmakers who may certainly not or else possess the sources they require to inform their stories.”.Path’s Objective.Path targets to equalize access to advanced AI devices for artistic experts. The business is committed to making sure that the future of narration is artist-led, along with ingenious technologies like Gen-3 Alpha at the center of their efforts.Professionals thinking about securing the fund can do thus at runwayml.com/TheHundredFilmFund.Image resource: Shutterstock.