Joerg Hiller
Sep 26, 2024 17:22
Runway launches The Hundred Movie Fund to help AI-augmented movie initiatives with as much as $5M in funding, doubtlessly rising to $10M.
Runway, a number one innovator in AI expertise, has unveiled The Hundred Movie Fund, a brand new initiative designed to help artistic professionals engaged on AI-augmented movie initiatives. In accordance with runwayml.com, the fund at the moment 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. Purposes at the moment are open for artistic professionals within the pre- or post-production phases of their initiatives.
Advisory Panel
The fund’s Advisory Panel consists of notable trade figures who will present steering and assist amplify chosen initiatives. Present members of the panel embrace:
- Jane Rosenthal, Cofounder of Tribeca Competition
- 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 Affect
Christina Lee Storm, Artistic Producer and Governor of the Tv Academy’s Rising Media Programming peer group, expressed her pleasure in regards to 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 look ahead to 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 artistic professionals. The corporate is dedicated to making sure that the way forward for storytelling is artist-led, with revolutionary applied sciences like Gen-3 Alpha on the forefront of their efforts.
Professionals eager about making use of for the fund can achieve this at runwayml.com/TheHundredFilmFund.
Picture supply: Shutterstock
