September 26, 2024: Runway Offers $5M for AI-Generated Films - Runway is launching a $5 million fund to support up to 100 films utilizing its AI video generation technology. The Hundred Film Fund offers cash grants and service credits, potentially growing to $10 million. Selected filmmakers will retain project control, providing biweekly updates. Industry advisors, including Jane Rosenthal and will.i.am, will assist in choosing recipients. The initiative aims to explore innovative uses of AI in filmmaking, despite concerns about uneven quality and the effectiveness of widespread funding.
