[May 31, 2016]

Jaunt, SMG and CMC Officially Launch Jaunt China

Jaunt Inc., the leading producer and publisher of fully-immersive cinematic virtual reality experiences, today announced the launch of Jaunt China, a new China based virtual reality (VR) company formed in partnership with Shanghai Media Group (SMG) and China Media Capital (CMC), two of China's largest media companies. Currently operational, Jaunt China is actively filming and producing high quality professional VR content in China, aimed for a global audience.

Jaunt China will take advantage of Jaunt's proven, end-to-end VR solution and the rich content libraries of SMG and CMC to create VR experiences across travel, adventure, narrative, music and sports. Initial programming will include VR content such as "The Voice of China", virtual tours of Shanghai, and music from the band SNH48. Jaunt China will partner with additional brands, creatives and content partners throughout Asia.

"We are thrilled to partner with SMG and CMC to be the first US-based company to launch a full-scale, end-to-end virtual reality production and distribution platform in China," said David Anderman, Chief Business Officer for Jaunt. "With the establishment of Jaunt China, we are well-positioned to meet the demand for premium VR content from a rapidly growing international audience."

Jaunt China is actively producing content now using the company's Jaunt ONE camera, the first professional grade VR camera designed specifically for VR creators. Content is then composed and processed using Jaunt's professional cloud based rendering pipeline, Jaunt Cloud Services (JCS), which is running today on Amazon Web Services (News - Alert) (AWS) in China for rendering and processing.

In addition to this new Chinese joint venture, SMG will also invest in Jaunt's US operation as the company positions themselves for continued growth to meet the unprecedented demand for virtual reality around the world.

Jaunt's proven, end-to-end VR solution has become the premier choice for some of the world's most iconic brands and creatives. In recent weeks, Jaunt partered with Paul McCartney on a six-part documentary series and produced original content for Major League Baseball's Hall of Fame Tour.

About Jaunt

Jaunt is pioneering the future of creative storytelling through cinematic virtual reality. Founded in 2013, Jaunt is the leading developer of the hardware, software, tools, and applications to enable cinematic VR and put the power of virtual reality in the hands of today's best content creators. In addition, Jaunt works with leading creatives - from brands to artists to filmmakers-to create cutting-edge content through its studio arm, Jaunt Studios. Headquartered in Palo Alto, California, the company also maintains a presence in Los Angeles and produces branded and original VR content for audiences worldwide. Jaunt's investors include The Walt Disney Company, Evolution Media Partners, China Media Capital, Highland Capital Partners (News - Alert), Google Ventures, Redpoint Ventures, Axel Springer, ProSiebenSat.1 SE, The Madison Square Garden Company, Peter Gotcher, Blake Krikorian, and Sky (corporate.sky.com). Experience more at www.jauntvr.com.

About Shanghai Media Group

As one of China's largest media and cultural conglomerates, Shanghai Media Group (SMG) maintains a comprehensive business portfolio including TV, radio, newspaper and magazine, drama and film production and distribution, new media and OTT, digital advertising, online and console gaming, TV shopping and e-commerce, live entertainment, tourism and cultural investments, etc. In 2015, SMG's listed subsidiary, Shanghai Oriental Pearl Media Co., Ltd. ranked No.1 among all listed media companies on the Shanghai Stock Exchange in both operating revenue and profit.

Trailblazing the Chinese media industry, SMG strives to become a leading international player through innovations in content production, format development and digital technology. Its strategic partners include Viacom (News - Alert), The Walt Disney Co., BBC, Discovery, Australian Broadcasting Corp, Amazon AWS, Microsoft, China Telecom, etc. Learn more at www.smg.cn.

About China Media Capital

CMC Capital Partners and CMC Holdings, collectively known as CMC, are founded and chaired by Ruigang Li, and are China's leading investment and operating platforms in media and entertainment, Internet and mobile, and lifestyle. CMC has created and cultivated many leading and innovative companies across the entire spectrum of content, platform, and technology including film, television, sports, financial media, advertising, financial and media data service, smart TV, VR, location based entertainment, music, game, e-commerce, and O2O. CMC's investment and operation portfolio includes Star China, IMAX China, Oriental DreamWorks, TVB, Flagship Entertainment, Shaw Brothers, Base, Imagine Entertainment, Gravity Pictures, Infinity Pictures, Daylight Entertainment, IPCN, Shanghai Dream Center, Whaley Technologies, Jaunt VR, Bilibili, Broadway Global Ventures, SNH48, City Football Group, China Sports Media, SECA, SoccerWorld, Wepiao, Caixin Media, Charm Communications, Sumscope, Loonggame, Ourgame, Secoo, Yoho and Eleme.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160531006370/en/

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