Comment on Walt Disney, CMC Invest In VR Company Jaunt As They Plan China Expansion by DinaLee

['Cate Cadell', 'More Cate Cadell', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar'] Comments for TechNode 2015-09-22 00:00:00

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 VR company will use the latest round of funding to extend their brand internationally. “[China is a] tremendously huge market” for VR, says Jaunt CEO Jens Christensen. Last year Baofeng, a Chinese video service launched a $16 USD VR headset called ‘Magic Glasses’ [our translation] which the company claims have comparable quality to IMAX.