Walt Disney, CMC Invest In VR Company Jaunt As They Plan China Expansion

Virtual reality startup Jaunt has sealed $65 million USD in funding from Walt Disney along with China Media Capital (CMC) and Evolution Media Partners.

The investment marks the largest ever single investment in a virtual reality startup, signaling Hollywood’s increasing interest in VR. The participation of China funds points to the mainland’s growing influence in international entertainment and film.

They’ll join former funding partners Google Ventures, Redpoint Ventures, Highland Capital, Sky, and SV Angel. This brings the company’s total funding to over $100 million USD. 

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