Runway Launches $10M Fund to Boost AI-Powered Filmmaking

The Hundred Film Fund will provide grants between $5,000 and $1 million to support 100 innovative projects using AI technology.

Runway's new initiative, The Hundred Film Fund, aims to support the production of up to 100 AI-powered films with grants ranging from $5,000 to $1 million.
The fund currently has $5 million available, with plans to increase it to $10 million, and an additional $2 million in Runway credits for using the company's AI tools.
An advisory panel featuring industry leaders like Jane Rosenthal, will.i.am, and Richard Kerris will help amplify and co-produce select projects.
Runway's recent deal with Lionsgate grants access to a vast library of films and TV shows for training its AI models, marking a pioneering partnership in Hollywood.
Runway will not claim ownership of intellectual property created through the fund, focusing instead on promoting AI as a new tool for filmmakers.