Joerg Hiller
Sep 26, 2024 17:22
Runway launches The Hundred Movie Fund to assist AI-augmented movie initiatives with as much as $5M in funding, probably rising to $10M.
Runway, a number one innovator in AI expertise, has unveiled The Hundred Movie Fund, a brand new initiative designed to assist inventive professionals engaged on AI-augmented movie initiatives. In line with runwayml.com, the fund presently stands at $5 million, with the potential to develop to $10 million.
Funding Particulars and Software Course of
The Hundred Movie Fund is open to all codecs of movie, together with options, shorts, documentaries, experimental initiatives, and music movies. Grants vary from $5,000 to over $1 million, with an extra $2 million in Runway credit obtainable for awardees. Functions are actually open for inventive professionals within the pre- or post-production phases of their initiatives.
Advisory Panel
The fund’s Advisory Panel contains notable business figures who will present steering and assist amplify chosen initiatives. Present members of the panel embrace:
- Jane Rosenthal, Cofounder of Tribeca Pageant
- Christina Lee Storm, EMPG Governor at The Tv Academy
- Stefan Sonnenfeld, Founder and Senior Colorist at Firm 3
- will.i.am, Artist, Actor, and Producer
- Richard Kerris, VP GM Media & Leisure at NVIDIA
Extra members are anticipated to be introduced within the coming weeks.
Trade Influence
Christina Lee Storm, Inventive Producer and Governor of the Tv Academy’s Rising Media Programming peer group, expressed her pleasure concerning the fund, stating, “I am thrilled to be becoming a member of the Advisory Panel for Runway’s Hundred Movie Fund to assist in giving filmmakers and artists world wide the chance to iterate and play with new and rising instruments like Runway. I stay up for seeing new tales and strategies of storytelling that this Fund will unlock for filmmakers who could not in any other case have the assets they should inform their tales.”
Runway’s Mission
Runway goals to democratize entry to superior AI instruments for inventive professionals. The corporate is dedicated to making sure that the way forward for storytelling is artist-led, with modern applied sciences like Gen-3 Alpha on the forefront of their efforts.
Professionals all in favour of making use of for the fund can accomplish that at runwayml.com/TheHundredFilmFund.
Picture supply: Shutterstock
