AI Startup Runway Says It’s Giving Filmmakers up to $1 Million if They Use Artificial Intelligence to Make Their Movies (EXCLUSIVE)
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variety.comTodd Spangler NY Digital Editor Runway, the generative AI company that recently inked a first-of-its-kind deal with Lionsgate, will dole out grants of up to $1 million to filmmakers working on AI-powered projects.
Runway 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, according to Runway.
Interested filmmakers can submit applications at this link. To evaluate pitches for the fund, Runway has assembled an advisory panel of tech and entertainment leaders.
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