.Joerg Hiller.Sep 26, 2024 17:22.Path launches The Hundred Movie Fund to support AI-augmented film tasks along with approximately $5M in financing, likely developing to $10M. Runway, a leading trendsetter in AI innovation, has actually revealed The Hundred Film Fund, a brand-new effort created to assist innovative specialists working with AI-augmented movie jobs. According to runwayml.com, the fund currently stands up at $5 million, along with the possible to increase to $10 thousand.Financing Information and Application Refine.The Hundred Film Fund is open to all styles of film, consisting of features, shorts, films, experimental ventures, and music videos.
Grants range coming from $5,000 to over $1 thousand, along with an added $2 million in Path credit ratings on call for awardees. Applications are currently accessible for artistic experts in the pre- or post-production periods of their ventures.Advisory Door.The fund’s Advisory Panel consists of remarkable market figures that will offer assistance as well as aid enhance chosen tasks. Existing participants of the board consist of:.Jane Rosenthal, Cofounder of Tribeca Celebration.Christina Lee Tornado, EMPG Guv at The Television Academy.Stefan Sonnenfeld, Owner and also Senior Colorist at Firm 3.will.i.am, Artist, Actor, as well as Producer.Richard Kerris, VP GM Media & Entertainment at NVIDIA.A lot more participants are actually anticipated to become announced in the happening weeks.Field Effect.Christina Lee Tornado, Creative Producer and Guv of the Tv Institute’s Surfacing Media Computer programming colleagues, shared her enjoyment about the fund, explaining, “I’m enjoyed be actually joining the Advisory Door for Path’s Hundred Movie Fund to aid provide producers as well as musicians around the world the possibility to iterate as well as play with brand-new and also arising tools like Path.
I await viewing brand new stories and also techniques of storytelling that this Fund will definitely open for filmmakers who might not or else possess the sources they require to tell their stories.”.Runway’s Purpose.Runway strives to equalize access to innovative AI devices for artistic specialists. The firm is dedicated to ensuring that the future of narration is actually artist-led, with impressive innovations like Gen-3 Alpha at the center of their efforts.Experts curious about applying for the fund can possibly do thus at runwayml.com/TheHundredFilmFund.Image resource: Shutterstock.