.Joerg Hiller.Sep 26, 2024 17:22.Path launches The Hundred Movie Fund to sustain AI-augmented film tasks with up to $5M in funding, potentially expanding to $10M. Path, a leading trailblazer in artificial intelligence technology, has unveiled The Hundred Film Fund, a new effort developed to assist innovative professionals servicing AI-augmented movie projects. Depending on to runwayml.com, the fund currently stands at $5 million, along with the potential to develop to $10 thousand.Funding Highlights and Use Process.The Hundred Film Fund is open to all formats of film, consisting of features, pants, docudramas, experimental jobs, and also music videos.
Grants range coming from $5,000 to over $1 million, along with an additional $2 million in Path credit ratings available for recipients. Apps are actually currently available for imaginative experts in the pre- or post-production stages of their projects.Advisory Door.The fund’s Advisory Panel consists of notable industry figures that will certainly provide advice as well as assistance boost selected ventures. Current participants of the board include:.Jane Rosenthal, Cofounder of Tribeca Event.Christina Lee Tornado, EMPG Governor at The Television Institute.Stefan Sonnenfeld, Owner as well as Senior Colorist at Business 3.will.i.am, Performer, Actor, and Developer.Richard Kerris, VP GM Media & Enjoyment at NVIDIA.Even more participants are actually anticipated to become declared in the coming weeks.Sector Impact.Christina Lee Storm, Creative Manufacturer as well as Governor of the Television Academy’s Developing Media Programs colleagues, expressed her pleasure regarding the fund, stating, “I am actually thrilled to be actually signing up with the Advisory Board for Runway’s Hundred Film Fund to assist give filmmakers as well as performers around the world the opportunity to repeat and have fun with brand-new and developing resources like Path.
I look forward to viewing brand new tales as well as strategies of narration that this Fund will certainly open for producers who may not otherwise have the information they require to inform their stories.”.Runway’s Purpose.Runway strives to democratize accessibility to advanced AI tools for creative specialists. The business is dedicated to ensuring that the future of narration is actually artist-led, with ingenious technologies like Gen-3 Alpha at the forefront of their efforts.Experts curious about obtaining the fund can possibly do so at runwayml.com/TheHundredFilmFund.Image source: Shutterstock.