A New Hollywood Fund Finances Creators' AI Projects
Hollywood filmmakers say it’s increasingly difficult to get funding to develop projects as studios and streaming companies rein in spending. Now two young companies are trying to finance those projects and help their makers use artificial intelligence in development.
DreamFlare, an AI video startup, and The Unreasnble, an entertainment company, have partnered to finance more than $100,000 in new original videos and series. The creators range from traditional Hollywood directors and writers to creators more adept in using AI.
The shows will run on Dreamflare’s site, where creators can charge users to watch, get a slice of the ads shown and ask fans for tips or other one-time purchases. The creators own the rights to these projects, which they could further develop into longer-form projects for other platforms including streaming and TV.