.Joerg Hiller.Sep 26, 2024 17:22.Path launches The Hundred Movie Fund to sustain AI-augmented film tasks with around $5M in funding, possibly increasing to $10M. Runway, a leading trendsetter in AI modern technology, has actually introduced The Hundred Film Fund, a brand new campaign designed to assist imaginative professionals dealing with AI-augmented film tasks. Depending on to runwayml.com, the fund currently stands at $5 thousand, along with the possible to grow to $10 thousand.Funding Particulars and also Treatment Process.The Hundred Movie Fund is open to all styles of movie, featuring components, pants, films, speculative ventures, and music videos.
Grants range from $5,000 to over $1 thousand, along with an added $2 million in Runway credit reports accessible for awardees. Applications are actually currently available for creative specialists in the pre- or even post-production phases of their jobs.Advisory Door.The fund’s Advisory Board includes remarkable business figures who will provide support as well as aid magnify picked projects. Present members of the door feature:.Jane Rosenthal, Cofounder of Tribeca Festival.Christina Lee Tornado, EMPG Guv at The Tv Institute.Stefan Sonnenfeld, Founder and also Elderly Colorist at Company 3.will.i.am, Artist, Star, as well as Developer.Richard Kerris, VP GM Media & Home Entertainment at NVIDIA.Much more members are actually assumed to be declared in the coming weeks.Field Effect.Christina Lee Hurricane, Creative Developer and Guv of the Tv Academy’s Developing Media Programs colleagues, conveyed her pleasure regarding the fund, saying, “I’m thrilled to be participating in the Advisory Board for Runway’s Hundred Movie Fund to assist offer producers and performers around the world the opportunity to iterate and have fun with brand new and also arising resources like Path.
I eagerly anticipate observing brand new stories as well as techniques of narration that this Fund will certainly open for filmmakers that might not or else possess the information they need to have to inform their stories.”.Path’s Purpose.Path targets to democratize access to enhanced AI tools for artistic specialists. The firm is actually devoted to making certain that the future of narration is artist-led, with cutting-edge modern technologies like Gen-3 Alpha at the forefront of their attempts.Professionals interested in securing the fund can possibly do so at runwayml.com/TheHundredFilmFund.Image resource: Shutterstock.