Eleven v4 on Runway: a voice-production budget check
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Runway's September 30 developer update lists Eleven v4 as available through its API, including expressive audio tags and scripts of up to 2,500 characters. This is a production note about an existing release, not a new model launch today.
The changelog specifies an introductory rate of 2.2 credits per 1,000 characters until October 12, 2026 Pacific Time, followed by 5 credits per 1,000 characters, with a one-credit minimum. These are Runway credits, not a statement about ElevenLabs' direct subscription pricing. The Pacific Time deadline should not be treated as midnight in the UAE.
For creative teams, the practical step is to estimate the script length and expected revision count before recording a campaign. Compare a short sample for pronunciation, emotional direction and consistency, then check the current platform rate before committing the full production budget.
Source: Runway Dev Changelog