.Joerg Hiller.Sep 26, 2024 17:22.Path launches The Hundred Movie Fund to sustain AI-augmented film projects with around $5M in financing, likely growing to $10M. Runway, a leading trailblazer in AI modern technology, has actually unveiled The Hundred Movie Fund, a brand-new initiative designed to support innovative experts working on AI-augmented movie ventures. According to runwayml.com, the fund presently stands at $5 thousand, along with the possible to increase to $10 million.Backing Highlights and Request Process.The Hundred Movie Fund is open to all formats of film, including attributes, shorts, films, experimental projects, as well as video.
Grants range coming from $5,000 to over $1 thousand, along with an additional $2 million in Runway credit scores available for recipients. Apps are currently open for creative specialists in the pre- or even post-production periods of their ventures.Advisory Board.The fund’s Advisory Panel features noteworthy sector personalities that will offer support and also help magnify chosen tasks. Existing participants of the door include:.Jane Rosenthal, Cofounder of Tribeca Celebration.Christina Lee Tornado, EMPG Guv at The Television Academy.Stefan Sonnenfeld, Owner as well as Elderly Colorist at Firm 3.will.i.am, Musician, Actor, and Developer.Richard Kerris, VP GM Media & Amusement at NVIDIA.More participants are expected to be introduced in the happening weeks.Field Effect.Christina Lee Hurricane, Creative Developer and Guv of the Tv Academy’s Emerging Media Computer programming colleagues, revealed her excitement about the fund, specifying, “I am actually thrilled to be participating in the Advisory Board for Path’s Hundred Film Fund to assist give producers and also artists worldwide the opportunity to iterate as well as enjoy with new and arising tools like Runway.
I await viewing brand-new tales and also methods of storytelling that this Fund will unlock for producers that might not or else possess the information they need to have to inform their stories.”.Path’s Objective.Path targets to equalize accessibility to advanced AI devices for creative experts. The provider is actually dedicated to ensuring that the future of storytelling is artist-led, along with innovative innovations like Gen-3 Alpha at the cutting edge of their attempts.Professionals considering requesting the fund can do so at runwayml.com/TheHundredFilmFund.Image source: Shutterstock.