.Joerg Hiller.Sep 26, 2024 17:22.Path launches The Hundred Film Fund to sustain AI-augmented film jobs with approximately $5M in financing, possibly developing to $10M. Runway, a leading inventor in artificial intelligence innovation, has unveiled The Hundred Film Fund, a brand-new effort designed to assist creative professionals servicing AI-augmented film projects. Depending on to runwayml.com, the fund presently stands up at $5 thousand, with the possible to grow to $10 thousand.Financing Highlights and Treatment Refine.The Hundred Movie Fund levels to all formats of movie, including attributes, pants, documentaries, experimental ventures, as well as music videos.
Grants vary coming from $5,000 to over $1 thousand, with an additional $2 thousand in Path credit reports available for awardees. Functions are currently accessible for creative experts in the pre- or post-production stages of their projects.Advisory Door.The fund’s Advisory Panel consists of noteworthy industry characters that are going to supply support and also assistance magnify selected jobs. Current members of the panel include:.Jane Rosenthal, Cofounder of Tribeca Festival.Christina Lee Hurricane, EMPG Governor at The Tv Academy.Stefan Sonnenfeld, Founder as well as Elderly Colorist at Business 3.will.i.am, Artist, Actor, and also Developer.Richard Kerris, VP GM Media & Entertainment at NVIDIA.Much more participants are actually assumed to be announced in the coming full weeks.Business Impact.Christina Lee Hurricane, Creative Producer as well as Governor of the Tv Institute’s Arising Media Computer programming colleagues, shared her enjoyment about the fund, specifying, “I am actually thrilled to be actually joining the Advisory Board for Runway’s Hundred Film Fund to aid provide producers and also performers worldwide the possibility to iterate and also enjoy with brand-new and also developing resources like Path.
I await viewing new stories and approaches of storytelling that this Fund will definitely unlock for producers who might not or else have the information they require to tell their tales.”.Path’s Mission.Runway intends to equalize access to enhanced AI resources for artistic specialists. The firm is actually devoted to guaranteeing that the future of narration is actually artist-led, along with cutting-edge modern technologies like Gen-3 Alpha at the cutting edge of their initiatives.Experts curious about requesting the fund may do therefore at runwayml.com/TheHundredFilmFund.Image source: Shutterstock.