.Joerg Hiller.Sep 26, 2024 17:22.Path launches The Hundred Movie Fund to sustain AI-augmented film ventures with up to $5M in financing, possibly expanding to $10M. Path, a leading pioneer in AI modern technology, has actually unveiled The Hundred Film Fund, a brand-new effort made to sustain artistic professionals working with AI-augmented film tasks. According to runwayml.com, the fund currently stands at $5 thousand, along with the prospective to expand to $10 million.Financing Particulars and also Application Refine.The Hundred Movie Fund levels to all layouts of movie, consisting of attributes, shorts, films, experimental ventures, and also music videos.
Grants range coming from $5,000 to over $1 million, with an added $2 thousand in Path credits on call for recipients. Apps are currently open for creative specialists in the pre- or even post-production phases of their jobs.Advisory Panel.The fund’s Advisory Door includes noteworthy business characters that will deliver advice as well as assistance amplify selected ventures. Existing members of the board include:.Jane Rosenthal, Cofounder of Tribeca Celebration.Christina Lee Tornado, EMPG Governor at The Tv Institute.Stefan Sonnenfeld, Owner and Senior Colorist at Firm 3.will.i.am, Artist, Actor, and also Producer.Richard Kerris, VP GM Media & Entertainment at NVIDIA.Much more members are anticipated to be introduced in the coming full weeks.Industry Effect.Christina Lee Storm, Creative Producer and Governor of the Tv Academy’s Emerging Media Programs peer group, revealed her enjoyment regarding the fund, saying, “I am actually thrilled to be signing up with the Advisory Panel for Path’s Hundred Movie Fund to assist provide filmmakers and musicians worldwide the chance to repeat and enjoy with brand-new as well as emerging tools like Runway.
I anticipate observing brand-new stories and also strategies of storytelling that this Fund will certainly open for filmmakers who may not otherwise possess the information they need to have to tell their stories.”.Path’s Mission.Path strives to democratize access to state-of-the-art AI resources for creative professionals. The business is actually dedicated to guaranteeing that the future of storytelling is artist-led, with cutting-edge innovations like Gen-3 Alpha at the center of their initiatives.Specialists considering obtaining the fund can possibly do thus at runwayml.com/TheHundredFilmFund.Image resource: Shutterstock.