.Joerg Hiller.Sep 26, 2024 17:22.Runway launches The Hundred Film Fund to support AI-augmented movie ventures along with approximately $5M in backing, likely increasing to $10M. Runway, a leading innovator in AI innovation, has unveiled The Hundred Movie Fund, a brand-new campaign developed to assist creative experts working with AI-augmented movie ventures. Depending on to runwayml.com, the fund presently stands up at $5 million, along with the potential to expand to $10 million.Financing Highlights as well as Use Process.The Hundred Movie Fund levels to all styles of film, featuring components, pants, documentaries, experimental tasks, and also video.
Grants vary from $5,000 to over $1 thousand, along with an added $2 thousand in Runway credit reports on call for awardees. Functions are now available for creative professionals in the pre- or even post-production stages of their projects.Advisory Board.The fund’s Advisory Door features significant market personalities that will certainly give direction and help intensify picked tasks. Existing members of the panel include:.Jane Rosenthal, Cofounder of Tribeca Event.Christina Lee Storm, EMPG Governor at The Tv Academy.Stefan Sonnenfeld, Creator and also Senior Colorist at Company 3.will.i.am, Artist, Actor, and Manufacturer.Richard Kerris, VP GM Media & Home Entertainment at NVIDIA.Much more members are actually assumed to become revealed in the coming full weeks.Field Impact.Christina Lee Tornado, Creative Producer as well as Guv of the Television Academy’s Arising Media Shows colleagues, expressed her pleasure concerning the fund, stating, “I am actually thrilled to be actually joining the Advisory Board for Runway’s Hundred Movie Fund to aid provide producers as well as artists around the world the option to repeat as well as have fun with brand-new as well as developing resources like Runway.
I expect viewing brand new stories and also procedures of narration that this Fund will unlock for filmmakers who might certainly not otherwise have the resources they require to inform their tales.”.Path’s Purpose.Runway targets to democratize accessibility to enhanced AI tools for imaginative professionals. The company is actually dedicated to ensuring that the future of storytelling is artist-led, with impressive modern technologies like Gen-3 Alpha at the forefront of their attempts.Specialists interested in making an application for the fund may do therefore at runwayml.com/TheHundredFilmFund.Image source: Shutterstock.