.Joerg Hiller.Sep 26, 2024 17:22.Path launches The Hundred Film Fund to support AI-augmented film tasks with up to $5M in backing, likely growing to $10M. Path, a leading trendsetter in AI innovation, has actually revealed The Hundred Film Fund, a brand-new initiative developed to assist artistic professionals working on AI-augmented film jobs. According to runwayml.com, the fund currently stands at $5 million, with the potential to develop to $10 million.Financing Facts and also Use Process.The Hundred Movie Fund is open to all styles of film, consisting of features, shorts, docudramas, experimental jobs, and music videos.
Grants vary coming from $5,000 to over $1 million, with an extra $2 thousand in Path credit scores on call for recipients. Apps are now accessible for creative professionals in the pre- or even post-production periods of their ventures.Advisory Board.The fund’s Advisory Panel includes significant business figures that will certainly give support and also aid magnify picked tasks. Present members of the board consist of:.Jane Rosenthal, Cofounder of Tribeca Festivity.Christina Lee Tornado, EMPG Guv at The Tv Institute.Stefan Sonnenfeld, Creator as well as Elderly Colorist at Business 3.will.i.am, Musician, Star, and also Manufacturer.Richard Kerris, VP GM Media & Home Entertainment at NVIDIA.Much more participants are actually assumed to be announced in the happening full weeks.Industry Influence.Christina Lee Storm, Creative Developer and also Guv of the Tv Academy’s Emerging Media Computer programming colleagues, expressed her pleasure about the fund, specifying, “I’m thrilled to be actually participating in the Advisory Panel for Path’s Hundred Movie Fund to assist give filmmakers and performers all over the world the possibility to iterate as well as play with new and also emerging resources like Runway.
I await seeing brand-new tales and also techniques of narration that this Fund will uncover for filmmakers that might not or else have the information they require to tell their stories.”.Path’s Goal.Runway strives to equalize access to innovative AI resources for creative professionals. The firm is dedicated to guaranteeing that the future of narration is artist-led, with innovative technologies like Gen-3 Alpha at the cutting edge of their attempts.Specialists considering looking for the fund can possibly do thus at runwayml.com/TheHundredFilmFund.Image resource: Shutterstock.