.Joerg Hiller.Sep 26, 2024 17:22.Path launches The Hundred Film Fund to support AI-augmented film jobs along with as much as $5M in financing, possibly developing to $10M. Runway, a leading inventor in artificial intelligence technology, has unveiled The Hundred Film Fund, a brand-new effort made to sustain imaginative experts servicing AI-augmented movie jobs. Depending on to runwayml.com, the fund currently stands at $5 million, along with the possible to develop to $10 million.Funding Highlights and also Application Process.The Hundred Film Fund levels to all layouts of movie, featuring attributes, pants, documentaries, experimental tasks, as well as music videos.
Grants range from $5,000 to over $1 thousand, along with an added $2 thousand in Runway credits accessible for awardees. Functions are right now accessible for creative specialists in the pre- or post-production periods of their projects.Advisory Panel.The fund’s Advisory Panel includes notable industry characters that will give direction and also help enhance chosen jobs. Current members of the door include:.Jane Rosenthal, Cofounder of Tribeca Festivity.Christina Lee Hurricane, EMPG Governor at The Tv Academy.Stefan Sonnenfeld, Owner and Senior Colorist at Business 3.will.i.am, Performer, Actor, and also Developer.Richard Kerris, VP GM Media & Entertainment at NVIDIA.More members are assumed to become revealed in the coming full weeks.Market Impact.Christina Lee Hurricane, Creative Manufacturer as well as Guv of the Tv Academy’s Arising Media Shows colleagues, showed her exhilaration about the fund, specifying, “I’m thrilled to be signing up with the Advisory Door for Runway’s Hundred Film Fund to assist offer producers as well as performers all over the world the opportunity to repeat and play with brand new and also arising resources like Path.
I expect finding brand-new stories and also methods of storytelling that this Fund are going to uncover for filmmakers that might certainly not otherwise possess the sources they need to tell their tales.”.Path’s Purpose.Runway strives to democratize accessibility to enhanced AI tools for artistic experts. The firm is dedicated to ensuring that the future of storytelling is actually artist-led, along with impressive technologies like Gen-3 Alpha at the forefront of their attempts.Specialists curious about securing the fund may do thus at runwayml.com/TheHundredFilmFund.Image resource: Shutterstock.