AI in Filmmaking: Runway's $1M Grant for Transformative Movies

Published Date::26/09/2024

Runway, a generative AI company, is launching The Hundred Film Fund to support filmmakers in creating AI-powered projects, with grants of up to $1 million.

Runway, a generative AI company, is launching The Hundred Film Fund, an initiative to help produce and fund as many as 100 short films and feature-length movies that use generative AI technology to tell their stories. The funding grants will range from $5,000 to $1 million, and decisions on applications will typically be made within 14 days of submission.

To evaluate pitches for the fund, Runway has assembled an advisory panel of tech and entertainment leaders, including Jane Rosenthal, film producer and co-founder of Tribeca Festival; Richard Kerris, VP, GM of media and entertainment, Nvidia; artist, actor, producer, and entrepreneur will.i.am; Stefan Sonnenfeld, an award-winning film colorist; and Christina Lee Storm, a creative producer.

Runway co-founder and CEO Cris Valenzuela emphasized that the company is interested in promoting AI as a new filmmaking tool, for both established and emerging creators.

FAQS:

Q: What is the Hundred Film Fund?

A: The Hundred Film Fund is an initiative launched by Runway to support filmmakers in creating AI-powered projects, with grants of up to $1 million.

Q: Who is eligible to apply for the fund?

A: The fund is open to both established and emerging filmmakers who are interested in using generative AI technology to tell their stories.

Q: What is the role of Nvidia in the Hundred Film Fund?

A: Nvidia is an investor in Runway and has a representative on the advisory panel for the fund.

Q: How will the finished products be distributed?

A: Runway will not distribute the finished products, but it hopes to connect participants to buyers through the panel of advisers.

Q: What is the goal of the Hundred Film Fund?

A: The goal of the fund is to promote AI as a new filmmaking tool and to support the creation of innovative and groundbreaking films.

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