Walt Disney bets big on virtual reality; invests in Jaunt

MUMBAI: The Walt Disney Company is betting big on virtual reality and has invested in Jaunt - a cinematic virtual reality (VR) company.


Jaunt has raised $65 million series C round of funding led by The Walt Disney Company; Evolution Media Partners – a partnership of CAA-backed Evolution Media Capital, TPG Growth and Participant Media; and Chinabased China Media Capital (CMC).


The new investors will greatly expand Jaunt’s global reach, providing significant resources and relationships to help make VR the next mainstream content medium.


Jaunt leads the industry in innovation through its unrivalled end-to-end solution for creating and distributing premium live-action VR. This latest round of funding will enable Jaunt to significantly scale up VR production, and advance their professional-grade camera hardware and software production tools, delivering content to the widest array of mobile devices and VR hardware in the industry.


In addition, Jaunt plans to use the funding to significantly grow their teams in both their Palo Alto headquarters and their new Los Angeles studio.


Additional new investors in the Series C round include leading European media companies ProSiebenSat.1 SE and Axel Springer SE, and The Madison Square Garden Company. They join existing participating investors that include Google Ventures, Highland Capital, Redpoint Ventures, Sky and SV Angel. 


The new round brings Jaunt’s total funding to over $100 million. With these new additions, Jaunt’s investor group offers a global network of deep ties to the largest brands, franchises, talent and technologies, across all entertainment and media, as well as partners who add unique perspective and experience as Jaunt continues to expand and innovate.


“This round further illustrates our commitment and dedication to advancing the scope of cinematic VR – for filmmakers, storytellers, and audiences alike. With the support of these world-class companies, we will explore new avenues, building on our leadership position to deliver amazing VR experiences using best-in-class tools, technology, and creative teams,” said Jaunt CEO and co-founder Jens Christensen.


“Brands, artists, and creatives are looking to reach and interact with their audiences in new innovative ways, and Jaunt’s expertise provides a groundbreaking medium for exploring these new avenues. We look forward to working with Jaunt as they continue to pioneer in this space, giving them access to our wide-reaching network, and expanding on their distribution potential,” said Evolution Media Partners founder and co-managing partner Rick Hess.


In recent years, advances in technology and mobile devices have made fully-immersive VR possible and accessible to the masses. Jaunt is at the forefront of this content revolution, and is partnering with the leading content creators as well as technology and media companies to take VR to the next level. Jaunt currently works with notable brands and creative artists including The North Face, Rebecca Minkoff, Condé Nast and ABC News, and is looking forward to building relationships with new and innovative creators across a wide variety of verticals.


“We have been closely monitoring the evolution of video technology on the global horizon, and are excited about the potential for VR. It is having implications in areas such as film, television, games, sports, mobile, as well as other entertainment content and experiences where CMC has a profound connection and substantial engagement. Jaunt will be an important step in CMC’s foray into this global entertainment technology revolution,” said China Media Capital chairman Ruigang Li.


“When Jaunt launched a little over 2 years ago, VR was the domain of a few enthusiasts like us. Fast forward to today, with the ability to view VR content on any current smartphone, and a half dozen head mounted displays launching in the next 12 months, the addressable number of users will instantly be in the millions, and quickly grow from there. We look forward to supplying great content to all those users and contributing to the success of VR as a new content medium,” said Jaunt chief business officer David Anderman.


This funding comes on the heels of Jaunt’s recently-announced 5th generation patentpending camera system, officially named Jaunt ONE, which is built from the ground up for VR, and after two years of testing, pushes the limits of technological innovation. The company also announced Jaunt Studios earlier this year, a new arm of the company focused solely on developing, producing and collaborating on live-action virtual reality experiences from its LA studio.

Latest Reads
DD D-G Sahu elected Asia-Pacific Broadcasting vice-president

Doordarshan Director General Supriya Sahu has been elected as the new vice-president of the Asia-Pacific Broadcasting Union. The election was held during the 53rd annual Asia-Pacific Broadcasting Union General Assembly hosted by the Indonesian public broadcaster RRI,

Television TV Channels People
Star Movies presents 'Films To See...' every weekday starting 7 Nov

Star Movies Select HD has been staying true to its promise of impeccable curation by showcasing the best. Star Movies sets standards of storytelling high inspiring a lot of others to try and re-invent the art of movie showcasing business.

Television TV Channels English Entertainment
Q2-17: Zee Media operating profit up

BENGALURU: The Essel Group’s news network Zee Media Corporation Limited (ZMCL) reported more than double (2.47 times) year-over-year (y-o-y) operating profit (Simple EBIDTA) for the quarter ended 30 September 2016 (Q2-17, current quarter) . The company reported EBIDTA of Rs 18 crore (14.3 per cent...

Television TV Channels GECs
National Geographic Channel to undergo major rebranding

MUMBAI: Come 14 November and the National Geographic Channel will have a new shortened sobriquet. The word channel will disappear from its name and it will be simply known as National Geographic and a new tagline “Further.” The change is expected to take place simultaneously across all the 445...

Television TV Channels Factual & Documentary
Maha Cartoon targets 65 per cent rural HSM via DD FreeDish, 2000 LCOs

Who can forget the Charlie Chaplin show which entertained the world audience of all ages. Maha Cartoon, the first free-to-air (FTA) Hindi cartoon channel targeted at the Hindi-speaking markets (HSM), will be launched on India's largest DTH platform DD FreeDish on 1 November. The new Maha Cartoon...

Television TV Channels Kids
Vikram Chandra steps down; KVL Narayan Rao is new NDTV group CEO

The rumours that were making rounds of Vikram Chandra quitting NDTV have now been put to rest.

Television TV Channels People
Naagin helps Colors capture top position this week: BARC

Backed by Naagin Season 2, Colors was almost close to Star Plus to get the number one position, but, this week, Colors went few steps ahead and grabbed the leadership position and replaced Star Plus in week 42. Even in Urban GECs market, Colors toppled Star and took over the number one position.

Television TV Channels Viewership
SPN India to broadcast Barclays ATP World Tour finals

Sony Pictures Networks India (SPN) will exclusively broadcast the upcoming ATP events in the month of November. The ATP 1000 Paris Masters will be aired live on Sony ESPN channels and will be streamed live on SonyLIV app and website. The ATP 1000 Paris Masters in Paris will begin on 31 October.

Television TV Channels Sports
Hunt for Zee Business head continues

MUMBAI: Zee Business, an arm of Zee Media Corporation, has seen several transitions in its management this year. The channel was initially headed by Amish Devgan, who decided to move away after serving for 14 years. It was then led by Zee Media Corporation’s then CEO for content Samir Ahluwalia,who...

Television TV Channels People

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories