Chinese culture leads investment in jaunt, a leading virtual reality technology enterprise in Silicon Valley of the United States

The Chinese Cultural Industry Investment Fund (hereinafter referred to as "Chinese culture" or "CMC"), China's most influential comprehensive platform for cultural industry investment and operation, announced today that it is leading the investment in jaunt, a leading virtual reality (VR) technology enterprise headquartered in Silicon Valley in the United States

China's most influential comprehensive platform for cultural industry investment and operation - the Chinese Cultural Industry Investment Fund (hereinafter referred to as "Chinese culture" or "CMC") today announced that it will lead the investment in jaunt, a leading virtual reality (VR) technology enterprise headquartered in Silicon Valley in the United States. The financing amount of jaunt in this round is US $65million, and the Walt Disney Company and evolution media partners (jointly established by CAA, a well-known American performance brokerage company, TPG growth, one of the world's largest private equity investment companies, and participant media, a Hollywood film and television production company) are also the joint ventures of jaunt

jaunt, founded in 2013, is a leading VR company integrating hardware, software, tools, application development and content production, providing world-class creative producers with innovative means of expression for film and television entertainment. The new investors will help jaunt further expand the market worldwide, expand the production of high-quality live VR content, bring VR film and television experience to global audiences, and promote VR to become the next generation of mainstream film and television entertainment content. This round of investment funds will also help jaunt further develop the hardware and software systems of professional cameras, realize the complete process of end-to-end VR film and television content production, and further enrich the team of its Silicon Valley headquarters and the newly established Los Angeles production company

other investors in this round include prosiebensat, one of the largest commercial television stations in Germany 1 se, axelspringer se, Europe's leading digital publisher, and the Madison Square Garden Company. Previous rounds of investors include Google capital, highland capital partners, redpoint ventures, sky under 21st century fox, and SV angel

jaunt has raised more than US $100million so far, and is the enterprise that has received the most capital support in the field of film and television VR. The strong investor portfolio also brings unparalleled competitive advantages to jaunt in terms of brand, products, talents, technology and global market

"we have been paying close attention to the development of various emerging technologies in the field of film and television entertainment for a long time, and believe that VR technology will bring the next round of disruptive growth to the whole industry." Li Ruigang, founder and chairman of Chinese culture, said, "VR technology has a wide range of applications in film and television, games, sports, mobile platforms and content under the Chinese culture. The cooperation with jaunt is an important expansion of our CMC into the global entertainment technology revolution."

"this round of financing further shows our dedicated investment in film and television VR technology and products. We will provide comprehensive services for filmmakers, screenwriters and audiences." Jens Christensen, CEO and co-founder of jaunt, said, "with the support of these world-class partners, we will rely on first-class tools, technologies and teams to provide the ultimate VR experience and products, so as to establish our market leadership."

"brands, artists and creatives are all trying to reach more audiences and interact with them in innovative ways. Jaunt's professional accumulation provides a groundbreaking medium for the realization of this goal," said Rick Hess, founder and co managing partner of evolution media partners. "Jaunt will continue to be the leader in this field, and we look forward to cooperating with jaunt, especially in improving its content distribution capacity."

"when jaunt was founded two years ago, there were few enthusiastic explorers like us in the VR field," said David anderman, chief commercial officer of jaunt. "Today, we have the ability to push VR content to any kind of smart phone. In the next 12 months, we will even launch 6-screen real-time splicing display, and the number of users can reach one million in a short time, and then quickly achieve a larger order of growth. We are very eager to provide these users with high-quality content and promote VR to become a new generation of mainstream content media."

in recent years, technological progress has not only achieved a completely immersive VR experience, but also brought this experience into the field of mass consumption. As a pioneer enterprise in this technological revolution, jaunt is at the forefront of VR technology, equipment, services, and content development. At the same time, it works closely with leading content producers, technology companies, media companies and other international partners to constantly promote VR technology and products to new heights. One of the main purposes of this financing is to strengthen content production and distribution. Jaunt has entered into cooperative relations with well-known brands and media, including the north face, a global outdoor sports leading brand, Rebecca Minkoff, an American fashion brand, cond é Nast, an international journal publishing group headquartered in the United States, and ABC. In the future, it will cooperate with more creatives in different segments

after this round of financing, jaunt's board of directors and advisory committee have joined more senior professionals with rich operating experience in the media and entertainment industry. The resources and opportunities they bring will help to promote the realization of jaunt's business objectives

jaunt has just launched its fifth generation camera system product, called "jaunt one", and is applying for a patent. This product is completely independently developed by jaunt. After two years of testing, it has become a groundbreaking product that breaks through the boundaries of existing technology. Recently, jaunt also announced the establishment of a production company, jaunt studio, in Los Angeles, specializing in the development and production of live VR film and television content. The newly established production company will explore new means of film and television performance based on VR. These measures fully reflect jaunt's strategic choice to go deep into the whole field of VR

Fenwick & West and the Raine group acted as advisors to this financing

< strong > about Chinese culture (hereinafter referred to as "CMC") < / strong >

Chinese culture was founded and served as the chairman by Mr. Li Ruigang, hereinafter referred to as "CMC". It is the most influential comprehensive investment and operation platform focusing on the media, entertainment and cultural industry in China. It has many investment institutions and operating entities in RMB and US dollars. Chinese culture covers three major fields: media and entertainment, Internet and mobile, and lifestyle. It has created and promoted a large number of leading enterprises in key sub sectors such as film, television, sports, animation, performing arts, music, financial media, Internet television, advertising, ticketing, e-commerce, online games, online education, mobile video communication, financial data, cultural real estate, o2o and so on, Including Star Media (and its Canxing production), IMAX China, Oriental DreamWorks (odw), flagship entertainment group, Whaley, TVB, Caixin media, Changrong communication, Sports Olympic power, shenglishijia, gravitation film, Broadway global (bgv), Lehua entertainment, IPCN, Shanghai Dream Center, Guevara, BiliBili, seven act life, Lianzhong game KK singing, ape question bank, Yoho, hungry, etc. Chinese culture has expanded cross-border investment in recent years, with investment enterprises in New York, Silicon Valley, Los Angeles and other places. Its subsidiaries have produced TV variety "good voice of China", "good song of China", "brilliant Chinese", film "Kung Fu Panda", TV series "no war in Peiping", "pretender", "Langya list", as well as Broadway musical "something rotten" and drama "hand to God", which won the Tony Award for American drama and many nominations this year

editor: vian