.Joerg Hiller.Sep 26, 2024 17:22.Path launches The Hundred Movie Fund to sustain AI-augmented movie tasks with as much as $5M in backing, likely increasing to $10M. Path, a leading pioneer in artificial intelligence innovation, has unveiled The Hundred Movie Fund, a brand-new campaign designed to sustain artistic specialists working on AI-augmented film projects. Depending on to runwayml.com, the fund currently stands up at $5 million, along with the prospective to grow to $10 million.Funding Features as well as Treatment Refine.The Hundred Film Fund is open to all layouts of film, including features, shorts, documentaries, speculative projects, and also video.
Grants range from $5,000 to over $1 thousand, with an extra $2 thousand in Runway credit histories available for recipients. Applications are actually currently accessible for artistic professionals in the pre- or post-production periods of their projects.Advisory Panel.The fund’s Advisory Board consists of distinctive business characters who will give advice and also support magnify picked ventures. Current participants of the panel consist of:.Jane Rosenthal, Cofounder of Tribeca Celebration.Christina Lee Tornado, EMPG Governor at The Television Academy.Stefan Sonnenfeld, Founder as well as Elderly Colorist at Provider 3.will.i.am, Artist, Actor, and also Developer.Richard Kerris, VP GM Media & Home Entertainment at NVIDIA.Extra members are anticipated to be revealed in the happening weeks.Sector Impact.Christina Lee Tornado, Creative Producer and also Governor of the Tv Academy’s Surfacing Media Shows colleagues, expressed her enjoyment regarding the fund, saying, “I’m enjoyed be participating in the Advisory Board for Runway’s Hundred Movie Fund to assist offer producers and musicians all over the world the possibility to iterate as well as have fun with brand-new and developing resources like Runway.
I look forward to seeing new stories as well as techniques of storytelling that this Fund are going to open for producers who may certainly not typically have the resources they need to have to inform their stories.”.Runway’s Objective.Runway intends to equalize accessibility to sophisticated AI tools for imaginative specialists. The business is actually committed to making certain that the future of storytelling is artist-led, along with cutting-edge modern technologies like Gen-3 Alpha at the leading edge of their efforts.Specialists curious about looking for the fund may do so at runwayml.com/TheHundredFilmFund.Image source: Shutterstock.