Disney invests $65 million to help make virtual-reality movies the next thing
- Jaunt, from Palo Alto, California, has received a $65 million investment by Walt Disney Co. and other media investors in Europe and China.
- The startup company's goal is to make virtual reality the next way to watch television and movies.
- Jaunt will use the cash to increase production and advance its camera and software tools.
- Jaunt isn't the only company that is getting a great investment. There is a lot of money going into virtual reality.
- The company already works with Disney-owned ABC News and it opened up a studio is Los Angeles to produce "live action" virtual-reality experiences.
- The article is found here.
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