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Chronicles

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A look at Runway's second International AI Film Festival, which it says grew from 300 short-video submissions in 2023 to 3,000 in 2024 with 10 finalists chosen

Artificial intelligence has changed filmmaking a lot over the past year, even though the technology is just getting started.  But first...

Bloomberg Rachel Metz

Context & Ripple Effects

Runway’s festival turns its video-generation product into a creator-facing showcase, with submissions rising tenfold year over year. That matters because participation and finished work can make a creative tool more visible and legible than model demonstrations alone.

The festival’s later iterations kept the 10-film finalist format amid an industry still divided over AI’s role, while selected films eventually gained Imax screenings at U.S. locations. Separate hands-on coverage also found that producing a coherent AI short still required tedious work to maintain scene consistency.

First-order effects

  • Runway gains a larger pool of creator-made examples and a high-profile mechanism for selecting work associated with its platform.
  • Entrants get a concentrated venue for visibility, but the 10-finalist structure makes selection—not merely access to generation tools—the immediate bottleneck.

Second-order effects

  • Other AI-video vendors face added pressure to build creator communities, curation programs, or distribution partnerships rather than compete only on generation capabilities.
  • The gap between abundant submissions and polished finalists reinforces demand for workflow tools that improve consistency and reduce manual iteration.

Third-order effects

  • If festivals increasingly become a route from AI-generated work to established screens, AI-film platforms may compete across creation, curation, and distribution; the later Imax-backed 2025 festival is an early sign of that expansion.
  • Industry acceptance is likely to remain uneven: stronger exhibition channels can normalize selected work while unresolved creative-quality concerns keep human review and production expertise central.

The trend: AI creative-tool companies are moving from model access toward ecosystems that cultivate creators, validate output, and seek downstream distribution.