.Joerg Hiller.Sep 26, 2024 17:22.Path launches The Hundred Movie Fund to assist AI-augmented movie projects with as much as $5M in financing, potentially increasing to $10M. Runway, a leading inventor in artificial intelligence modern technology, has actually unveiled The Hundred Film Fund, a brand new initiative made to sustain imaginative professionals servicing AI-augmented film tasks. According to runwayml.com, the fund presently stands up at $5 thousand, along with the possible to increase to $10 thousand.Financing Facts and Use Process.The Hundred Movie Fund levels to all formats of film, consisting of components, shorts, docudramas, speculative projects, and also music videos.
Grants range from $5,000 to over $1 thousand, with an additional $2 million in Path credit ratings offered for awardees. Applications are actually now accessible for innovative professionals in the pre- or even post-production phases of their projects.Advisory Door.The fund’s Advisory Panel consists of notable industry personalities that will certainly supply support and also assistance magnify decided on projects. Current members of the panel consist of:.Jane Rosenthal, Cofounder of Tribeca Festival.Christina Lee Hurricane, EMPG Governor at The Tv Institute.Stefan Sonnenfeld, Creator and also Elderly Colorist at Provider 3.will.i.am, Musician, Actor, and Manufacturer.Richard Kerris, VP GM Media & Entertainment at NVIDIA.Extra participants are actually anticipated to be revealed in the happening weeks.Business Impact.Christina Lee Tornado, Creative Producer as well as Guv of the Television Institute’s Emerging Media Computer programming peer group, conveyed her pleasure concerning the fund, mentioning, “I’m enjoyed be participating in the Advisory Panel for Path’s Hundred Film Fund to aid give producers and also musicians around the globe the opportunity to repeat and also have fun with brand-new and also emerging devices like Runway.
I look forward to observing new tales and also methods of narration that this Fund will certainly open for filmmakers who may not or else have the resources they require to tell their tales.”.Path’s Mission.Runway intends to equalize accessibility to sophisticated AI tools for artistic experts. The company is actually dedicated to making sure that the future of narration is artist-led, along with cutting-edge technologies like Gen-3 Alpha at the center of their efforts.Specialists thinking about applying for the fund can possibly do thus at runwayml.com/TheHundredFilmFund.Image source: Shutterstock.