Runway is launching The Hundred Film Fund, designed to grant filmmakers up to $1 million for AI-powered projects, supporting 100 films with swift application reviews.
'This is not about getting our money back,' said Runway CEO Cris Valenzuela, emphasizing the initiative's goal is to promote AI in filmmaking rather than profit.
Runway’s commitment includes offering $2 million in credits for their generative AI tool, coupling financial support with access to advanced technology for creators.
While Runway will advocate for the use of their tools, it will not seek ownership rights to the films, focusing on empowering storytellers.
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