.Joerg Hiller.Sep 26, 2024 17:22.Path launches The Hundred Movie Fund to sustain AI-augmented film ventures with up to $5M in financing, potentially developing to $10M. Runway, a leading pioneer in artificial intelligence innovation, has actually unveiled The Hundred Film Fund, a brand new project made to assist creative experts dealing with AI-augmented movie projects. Depending on to runwayml.com, the fund presently stands up at $5 thousand, with the possible to expand to $10 million.Funding Facts as well as Application Refine.The Hundred Film Fund levels to all layouts of movie, featuring features, pants, films, experimental jobs, and video.
Grants vary from $5,000 to over $1 thousand, along with an additional $2 million in Path credit scores offered for awardees. Applications are now open for creative specialists in the pre- or post-production periods of their projects.Advisory Board.The fund’s Advisory Door features notable sector personalities who will certainly deliver direction and assistance boost chosen tasks. Present participants of the board include:.Jane Rosenthal, Cofounder of Tribeca Festivity.Christina Lee Storm, EMPG Governor at The Television Academy.Stefan Sonnenfeld, Founder as well as Senior Colorist at Company 3.will.i.am, Artist, Star, as well as Manufacturer.Richard Kerris, VP GM Media & Entertainment at NVIDIA.Even more members are actually anticipated to become introduced in the happening full weeks.Sector Influence.Christina Lee Storm, Creative Developer as well as Governor of the Tv Academy’s Arising Media Programs peer group, showed her enthusiasm concerning the fund, stating, “I’m thrilled to be actually participating in the Advisory Board for Path’s Hundred Movie Fund to aid give producers and performers around the globe the option to repeat as well as have fun with brand-new and also emerging devices like Path.
I look forward to viewing new stories as well as procedures of storytelling that this Fund will open for producers that may not typically possess the sources they need to have to inform their tales.”.Runway’s Purpose.Runway aims to democratize accessibility to sophisticated AI tools for innovative professionals. The provider is actually dedicated to guaranteeing that the future of storytelling is artist-led, with cutting-edge technologies like Gen-3 Alpha at the center of their attempts.Experts curious about looking for the fund may do therefore at runwayml.com/TheHundredFilmFund.Image source: Shutterstock.