Runway has set aside $5 million in cash and service credits to fund up to 100 original films that utilize their generative video model, aiming to support new visions overlooked by traditional funding.
Jamie Umpherson, Head of Creative at Runway, indicates flexibility in the fund's growth, with initial $5 million potentially doubling to $10 million, assessing each project's specific production needs.
Runway's Hundred Film Fund encourages AI-curious directors by offering grants and credits for features, shorts, documentaries, and more, aiming to foster innovation in filmmaking.
Runway requires filmmakers to provide biweekly production updates, but they will not claim ownership or control over the funded projects, promoting creative freedom.
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