.Joerg Hiller.Sep 26, 2024 17:22.Path launches The Hundred Movie Fund to support AI-augmented movie ventures along with around $5M in funding, potentially growing to $10M. Runway, a leading innovator in AI innovation, has actually unveiled The Hundred Movie Fund, a new project made to assist imaginative professionals dealing with AI-augmented movie tasks. Depending on to runwayml.com, the fund currently stands at $5 million, with the potential to expand to $10 million.Funding Particulars and Treatment Process.The Hundred Film Fund is open to all formats of film, including functions, pants, docudramas, experimental jobs, and also music videos.
Grants range from $5,000 to over $1 thousand, along with an added $2 million in Path credit scores on call for awardees. Apps are actually right now available for imaginative experts in the pre- or post-production periods of their projects.Advisory Door.The fund’s Advisory Door consists of remarkable market characters who will definitely supply guidance and also assistance enhance selected jobs. Current participants of the panel feature:.Jane Rosenthal, Cofounder of Tribeca Festival.Christina Lee Hurricane, EMPG Governor at The Television Academy.Stefan Sonnenfeld, Creator as well as Elderly Colorist at Company 3.will.i.am, Musician, Actor, and also Producer.Richard Kerris, VP GM Media & Entertainment at NVIDIA.Even more participants are expected to be announced in the happening weeks.Market Influence.Christina Lee Storm, Creative Manufacturer and also Guv of the Television Academy’s Emerging Media Computer programming peer group, expressed her pleasure about the fund, specifying, “I’m thrilled to be actually signing up with the Advisory Board for Path’s Hundred Movie Fund to aid give producers and artists worldwide the possibility to iterate and enjoy with brand-new as well as arising tools like Path.
I look forward to viewing new stories as well as methods of storytelling that this Fund will certainly uncover for filmmakers that might certainly not typically have the sources they require to tell their stories.”.Path’s Goal.Path intends to equalize accessibility to advanced AI tools for innovative professionals. The company is actually dedicated to making certain that the future of storytelling is actually artist-led, with impressive modern technologies like Gen-3 Alpha at the cutting edge of their initiatives.Professionals thinking about getting the fund may do so at runwayml.com/TheHundredFilmFund.Image source: Shutterstock.