.Joerg Hiller.Sep 26, 2024 17:22.Path launches The Hundred Film Fund to support AI-augmented film tasks with approximately $5M in backing, potentially growing to $10M. Runway, a leading innovator in artificial intelligence modern technology, has actually revealed The Hundred Film Fund, a brand-new initiative created to sustain artistic specialists working on AI-augmented movie jobs. Depending on to runwayml.com, the fund currently stands up at $5 million, along with the potential to grow to $10 million.Backing Highlights as well as Use Process.The Hundred Movie Fund is open to all formats of movie, featuring attributes, shorts, films, speculative tasks, as well as music videos.
Grants range from $5,000 to over $1 million, with an extra $2 million in Path credits on call for awardees. Applications are actually now open for imaginative experts in the pre- or post-production periods of their ventures.Advisory Board.The fund’s Advisory Board features notable industry figures who will definitely offer assistance and support amplify selected ventures. Present participants of the board feature:.Jane Rosenthal, Cofounder of Tribeca Festivity.Christina Lee Storm, EMPG Governor at The Television Academy.Stefan Sonnenfeld, Founder and also Senior Colorist at Company 3.will.i.am, Musician, Star, and Producer.Richard Kerris, VP GM Media & Enjoyment at NVIDIA.Extra participants are actually assumed to become announced in the happening weeks.Sector Effect.Christina Lee Tornado, Creative Manufacturer and also Guv of the Television Academy’s Emerging Media Programs colleagues, revealed her exhilaration about the fund, saying, “I am actually thrilled to be actually joining the Advisory Board for Path’s Hundred Movie Fund to help offer producers and artists worldwide the option to repeat as well as play with brand new as well as surfacing devices like Path.
I eagerly anticipate seeing brand-new tales as well as techniques of narration that this Fund are going to uncover for producers who may certainly not otherwise have the information they need to tell their stories.”.Path’s Mission.Path intends to democratize accessibility to advanced AI tools for imaginative specialists. The company is actually dedicated to ensuring that the future of narration is actually artist-led, with innovative technologies like Gen-3 Alpha at the cutting edge of their efforts.Professionals considering getting the fund can do thus at runwayml.com/TheHundredFilmFund.Image resource: Shutterstock.