.Joerg Hiller.Sep 26, 2024 17:22.Runway launches The Hundred Movie Fund to assist AI-augmented film ventures with as much as $5M in financing, likely expanding to $10M. Runway, a leading trendsetter in AI technology, has introduced The Hundred Film Fund, a brand new campaign developed to assist imaginative professionals working on AI-augmented movie ventures. Depending on to runwayml.com, the fund presently stands up at $5 million, along with the prospective to develop to $10 million.Financing Details and also Use Process.The Hundred Film Fund is open to all styles of film, including components, shorts, docudramas, experimental tasks, as well as music videos.
Grants vary coming from $5,000 to over $1 thousand, with an additional $2 thousand in Runway credit scores accessible for recipients. Applications are currently open for innovative professionals in the pre- or even post-production stages of their ventures.Advisory Door.The fund’s Advisory Panel consists of notable field figures who will certainly deliver support and aid amplify chosen tasks. Current members of the door feature:.Jane Rosenthal, Cofounder of Tribeca Festivity.Christina Lee Storm, EMPG Governor at The Television Academy.Stefan Sonnenfeld, Founder and also Elderly Colorist at Firm 3.will.i.am, Performer, Actor, as well as Manufacturer.Richard Kerris, VP GM Media & Entertainment at NVIDIA.Much more members are actually assumed to be introduced in the happening full weeks.Field Impact.Christina Lee Storm, Creative Producer and also Guv of the Tv Academy’s Developing Media Computer programming peer group, conveyed her enjoyment regarding the fund, specifying, “I’m enjoyed be actually participating in the Advisory Panel for Runway’s Hundred Film Fund to assist provide filmmakers and musicians around the globe the chance to repeat and also enjoy with brand new and also emerging resources like Runway.
I look forward to finding brand new tales and also approaches of storytelling that this Fund will unlock for producers that might not typically have the information they need to tell their stories.”.Runway’s Objective.Runway intends to equalize accessibility to state-of-the-art AI resources for artistic professionals. The firm is devoted to ensuring that the future of storytelling is artist-led, with cutting-edge technologies like Gen-3 Alpha at the forefront of their attempts.Professionals interested in securing the fund can possibly do therefore at runwayml.com/TheHundredFilmFund.Image resource: Shutterstock.