.Joerg Hiller.Sep 26, 2024 17:22.Path launches The Hundred Film Fund to assist AI-augmented film jobs along with approximately $5M in backing, potentially increasing to $10M. Path, a leading trailblazer in artificial intelligence modern technology, has unveiled The Hundred Movie Fund, a new effort designed to sustain artistic professionals working on AI-augmented movie projects. According to runwayml.com, the fund presently stands up at $5 thousand, along with the potential to increase to $10 million.Funding Details and also Request Process.The Hundred Film Fund levels to all styles of movie, featuring functions, shorts, docudramas, speculative jobs, and music videos.
Grants vary from $5,000 to over $1 thousand, along with an added $2 thousand in Runway credit scores on call for awardees. Apps are actually currently available for innovative specialists in the pre- or post-production phases of their projects.Advisory Panel.The fund’s Advisory Panel features notable industry personalities that will offer guidance as well as assistance amplify selected ventures. Current participants of the board include:.Jane Rosenthal, Cofounder of Tribeca Festival.Christina Lee Storm, EMPG Governor at The Tv Institute.Stefan Sonnenfeld, Creator and also Senior Colorist at Company 3.will.i.am, Artist, Star, and Developer.Richard Kerris, VP GM Media & Entertainment at NVIDIA.Even more participants are actually expected to become revealed in the happening full weeks.Market Influence.Christina Lee Hurricane, Creative Producer and also Governor of the Tv Academy’s Developing Media Programs peer group, showed her enthusiasm concerning the fund, mentioning, “I’m enjoyed be participating in the Advisory Panel for Runway’s Hundred Movie Fund to help offer filmmakers and also performers all over the world the possibility to repeat as well as play with new and also arising tools like Path.
I anticipate viewing brand-new stories as well as strategies of storytelling that this Fund will definitely uncover for producers that may certainly not otherwise have the resources they need to tell their stories.”.Runway’s Purpose.Path strives to democratize access 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 innovative innovations like Gen-3 Alpha at the center of their initiatives.Specialists considering applying for the fund can possibly do thus at runwayml.com/TheHundredFilmFund.Image resource: Shutterstock.