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AI Startup Runway Says It’s Giving Filmmakers up to $1 Million if They Use Artificial Intelligence to Make Their Movies (EXCLUSIVE)
Runway's Hundred Film Fund will give filmmakers grants of up to $1 million to produce movies that use generative AI technology.
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 co-founder and CEO Cris Valenzuela told Variety there isn’t one — his company is interested in only promoting AI as a new filmmaking tool, for both established and emerging creators. “Our success will be rooted in our ability to help storytellers make these films.” While Runway will “strongly advocate using our tools,” it will consider film projects that use other generative AI platforms, he added.
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