.Joerg Hiller.Sep 26, 2024 17:22.Path launches The Hundred Movie Fund to support AI-augmented film projects with approximately $5M in financing, potentially developing to $10M. Runway, a leading trendsetter in AI innovation, has actually unveiled The Hundred Movie Fund, a brand-new project created to support imaginative professionals working on AI-augmented movie jobs. According to runwayml.com, the fund currently stands at $5 thousand, along with the possible to develop to $10 million.Backing Information and Request Refine.The Hundred Movie Fund levels to all layouts of movie, including components, shorts, documentaries, speculative projects, as well as video.
Grants vary from $5,000 to over $1 million, along with an added $2 million in Path debts offered for awardees. Functions are now available for creative professionals in the pre- or post-production stages of their projects.Advisory Board.The fund’s Advisory Panel consists of notable sector personalities who will definitely deliver support and help boost chosen tasks. Existing members of the panel include:.Jane Rosenthal, Cofounder of Tribeca Event.Christina Lee Hurricane, EMPG Governor at The Television Academy.Stefan Sonnenfeld, Owner and also Elderly Colorist at Firm 3.will.i.am, Artist, Star, and also Producer.Richard Kerris, VP GM Media & Entertainment at NVIDIA.Extra participants are actually expected to become introduced in the happening weeks.Market Influence.Christina Lee Storm, Creative Producer and Guv of the Tv Academy’s Surfacing Media Shows colleagues, expressed her exhilaration about the fund, specifying, “I am actually thrilled to be actually signing up with the Advisory Panel for Path’s Hundred Film Fund to help provide filmmakers and also performers around the world the option to iterate and play with new and emerging tools like Path.
I await observing brand new tales and approaches of narration that this Fund are going to unlock for filmmakers who may certainly not typically possess the information they require to tell their stories.”.Runway’s Objective.Runway targets to equalize access to advanced AI tools for innovative specialists. The firm is devoted to making certain that the future of narration is actually artist-led, with ingenious modern technologies like Gen-3 Alpha at the leading edge of their initiatives.Professionals interested in applying for the fund can do therefore at runwayml.com/TheHundredFilmFund.Image resource: Shutterstock.