.Joerg Hiller.Sep 26, 2024 17:22.Path launches The Hundred Film Fund to support AI-augmented film tasks with as much as $5M in backing, possibly expanding to $10M. Runway, a leading inventor in artificial intelligence technology, has actually unveiled The Hundred Movie Fund, a new effort designed to assist creative professionals working on AI-augmented movie tasks. According to runwayml.com, the fund currently stands at $5 thousand, with the potential to increase to $10 million.Financing Particulars as well as Request Process.The Hundred Film Fund is open to all layouts of film, consisting of features, shorts, docudramas, speculative ventures, and video.
Grants vary from $5,000 to over $1 thousand, with an additional $2 thousand in Path credit scores accessible for recipients. Functions are currently available for imaginative specialists in the pre- or even post-production phases of their projects.Advisory Board.The fund’s Advisory Panel features notable market characters that will certainly give assistance and also help amplify decided on ventures. Current participants of the door consist of:.Jane Rosenthal, Cofounder of Tribeca Festival.Christina Lee Storm, EMPG Governor at The Tv Academy.Stefan Sonnenfeld, Owner as well as Elderly Colorist at Firm 3.will.i.am, Musician, Actor, and also Manufacturer.Richard Kerris, VP GM Media & Entertainment at NVIDIA.A lot more participants are assumed to be announced in the coming weeks.Industry Influence.Christina Lee Hurricane, Creative Manufacturer as well as Governor of the Tv Academy’s Emerging Media Computer programming colleagues, conveyed her enthusiasm concerning the fund, explaining, “I’m thrilled to be actually participating in the Advisory Board for Path’s Hundred Movie Fund to help give producers and also artists around the world the opportunity to repeat as well as play with brand new as well as surfacing tools like Path.
I anticipate finding brand-new tales and also methods of storytelling that this Fund are going to open for producers who might not or else possess the resources they require to tell their stories.”.Runway’s Objective.Runway strives to equalize access to advanced AI tools for creative professionals. The firm is devoted to ensuring that the future of storytelling is actually artist-led, along with impressive modern technologies like Gen-3 Alpha at the leading edge of their efforts.Specialists considering applying for the fund can possibly do therefore at runwayml.com/TheHundredFilmFund.Image source: Shutterstock.