.Joerg Hiller.Sep 26, 2024 17:22.Runway launches The Hundred Film Fund to assist AI-augmented movie tasks along with as much as $5M in financing, likely increasing to $10M. Path, a leading trendsetter in artificial intelligence modern technology, has actually introduced The Hundred Movie Fund, a new effort designed to support imaginative specialists working on AI-augmented movie ventures. Depending on to runwayml.com, the fund presently stands at $5 thousand, along with the possible to expand to $10 million.Backing Details and Treatment Process.The Hundred Movie Fund levels to all formats of movie, consisting of components, pants, documentaries, speculative projects, and also music videos.
Grants vary coming from $5,000 to over $1 thousand, with an additional $2 thousand in Path debts accessible for recipients. Apps are right now available for artistic experts in the pre- or post-production periods of their jobs.Advisory Board.The fund’s Advisory Board features notable industry characters that will provide advice as well as aid amplify selected projects. Existing members of the board feature:.Jane Rosenthal, Cofounder of Tribeca Festival.Christina Lee Hurricane, EMPG Governor at The Tv Academy.Stefan Sonnenfeld, Owner and Senior Colorist at Firm 3.will.i.am, Performer, Star, and Manufacturer.Richard Kerris, VP GM Media & Amusement at NVIDIA.Much more participants are actually assumed to be announced in the coming weeks.Sector Impact.Christina Lee Hurricane, Creative Developer and also Governor of the Tv Institute’s Arising Media Programs colleagues, shared her enjoyment about the fund, stating, “I’m thrilled to be participating in the Advisory Panel for Path’s Hundred Film Fund to help give producers as well as musicians around the world the opportunity to repeat as well as play with brand new as well as emerging resources like Path.
I look forward to finding brand-new stories and also methods of narration that this Fund will open for filmmakers that may not otherwise possess the resources they need to tell their stories.”.Path’s Objective.Path targets to democratize access to advanced AI devices for imaginative experts. The company is devoted to ensuring that the future of storytelling is actually artist-led, with impressive modern technologies like Gen-3 Alpha at the center of their initiatives.Specialists considering applying for the fund can do therefore at runwayml.com/TheHundredFilmFund.Image source: Shutterstock.