Jaunt launches major VR effort in China
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Just days after its CEO stepped down, Silicon Valley virtual reality company Jaunt said it has started producing VR content in China for worldwide distribution. Jaunt has received $100 million in funding, including millions from Disney.
The new operation was formed in partnership with Chinese media giants Shanghai Media Group and China Media Capital. The former will also invest in Jaunt’s U.S.-based efforts. Jaunt China will function, much like its American counterpart, as an end-to-end VR production and distribution platform, and will utilize the company’s high-end VR camera.
Questions & Answers
Q.What is the primary purpose of Jaunt's new operation in China?
What is the primary purpose of Jaunt's new operation in China?
Jaunt China will function as an end-to-end VR production and distribution platform, similar to its American counterpart. It will produce VR content for worldwide distribution, utilising the company’s high-end VR camera.
Q.Which Chinese companies are partnering with Jaunt for this new venture?
Which Chinese companies are partnering with Jaunt for this new venture?
The new operation was formed in partnership with Chinese media giants Shanghai Media Group and China Media Capital. Shanghai Media Group will also invest in Jaunt’s existing efforts in the U.S.
Q.How much funding has Jaunt received in total?
How much funding has Jaunt received in total?
Jaunt has received $100 million in funding overall. This total includes significant investment from Disney, indicating strong financial backing for the virtual reality company's initiatives.
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