.Joerg Hiller.Sep 26, 2024 17:22.Runway launches The Hundred Movie Fund to sustain AI-augmented movie jobs with as much as $5M in funding, possibly increasing to $10M. Runway, a leading trendsetter in artificial intelligence technology, has unveiled The Hundred Movie Fund, a new initiative created to assist innovative specialists working on AI-augmented film jobs. Depending on to runwayml.com, the fund currently stands up at $5 thousand, along with the prospective to grow to $10 thousand.Financing Highlights and also Treatment Process.The Hundred Film Fund is open to all formats of film, featuring functions, pants, documentaries, speculative projects, as well as music videos.
Grants range coming from $5,000 to over $1 million, with an extra $2 thousand in Runway credit ratings on call for awardees. Functions are now accessible for innovative specialists in the pre- or even post-production stages of their ventures.Advisory Panel.The fund’s Advisory Door consists of distinctive market characters that are going to supply guidance and also support boost picked projects. Current members of the door consist of:.Jane Rosenthal, Cofounder of Tribeca Festivity.Christina Lee Hurricane, EMPG Governor at The Television Academy.Stefan Sonnenfeld, Creator and also Elderly Colorist at Firm 3.will.i.am, Performer, Actor, as well as Producer.Richard Kerris, VP GM Media & Entertainment at NVIDIA.Even more members are anticipated to become revealed in the happening weeks.Business Effect.Christina Lee Hurricane, Creative Manufacturer and Guv of the Television Institute’s Arising Media Computer programming colleagues, conveyed her enjoyment regarding the fund, explaining, “I’m thrilled to be joining the Advisory Board for Runway’s Hundred Movie Fund to aid provide filmmakers as well as musicians around the world the possibility to iterate and play with brand-new and developing devices like Runway.
I anticipate finding brand new stories as well as strategies of storytelling that this Fund will definitely unlock for producers who may certainly not typically have the resources they need to have to inform their stories.”.Runway’s Mission.Path intends to equalize access to advanced AI resources for innovative professionals. The company is actually dedicated to making certain that the future of narration is actually artist-led, along with impressive technologies like Gen-3 Alpha at the leading edge of their attempts.Professionals curious about securing the fund can possibly do so at runwayml.com/TheHundredFilmFund.Image source: Shutterstock.