.Joerg Hiller.Sep 26, 2024 17:22.Path launches The Hundred Movie Fund to support AI-augmented film tasks with up to $5M in financing, potentially increasing to $10M. Path, a leading trailblazer in artificial intelligence innovation, has actually introduced The Hundred Movie Fund, a brand-new campaign made to assist creative professionals focusing on AI-augmented movie projects. Depending on to runwayml.com, the fund presently stands at $5 million, with the potential to develop to $10 thousand.Financing Highlights and also Request Refine.The Hundred Movie Fund is open to all styles of film, consisting of components, pants, docudramas, experimental ventures, and also video.
Grants range coming from $5,000 to over $1 million, along with an extra $2 thousand in Runway debts available for awardees. Applications are actually right now open for innovative experts in the pre- or post-production periods of their tasks.Advisory Board.The fund’s Advisory Door consists of significant sector figures who will certainly give guidance as well as help intensify chosen projects. Current members of the board consist of:.Jane Rosenthal, Cofounder of Tribeca Celebration.Christina Lee Hurricane, EMPG Governor at The Television Academy.Stefan Sonnenfeld, Creator and also Elderly Colorist at Business 3.will.i.am, Performer, Actor, and also Producer.Richard Kerris, VP GM Media & Home Entertainment at NVIDIA.Even more participants are assumed to become announced in the coming full weeks.Market Impact.Christina Lee Tornado, Creative Manufacturer and also Governor of the Television Academy’s Surfacing Media Shows colleagues, revealed her excitement concerning the fund, explaining, “I’m enjoyed be actually signing up with the Advisory Board for Path’s Hundred Film Fund to help give producers as well as musicians around the world the chance to iterate and enjoy with brand new and emerging tools like Runway.
I eagerly anticipate seeing brand-new stories as well as methods of storytelling that this Fund will definitely open for filmmakers that might certainly not or else possess the sources they need to have to inform their tales.”.Path’s Mission.Runway aims to democratize accessibility to state-of-the-art AI tools for creative experts. The company is committed to guaranteeing that the future of narration is artist-led, with impressive modern technologies like Gen-3 Alpha at the cutting edge of their attempts.Professionals interested in requesting the fund can do therefore at runwayml.com/TheHundredFilmFund.Image source: Shutterstock.