Mooser said XTR has raised “mid-seven figures” in seed funding. Other investors include Airbnb co-founder Joe Gebbia; auto-retailing scions Franklin McLarty and Mark McLarty; Thrive Capital founder Josh Kushner (brother of Jared Kushner); Bryan Baum; and Zem Joaquin, founder of Near Future Summit, and venture capitalist James Joaquin. The investment round was led by the McLarty Arquette Group, with Franklin McLarty serving on XTR’s board.
XTR is different from other production companies, Mooser said, because he’s raised capital to invest in films right off the bat. “It allows us to play offense and build quicker than typical production-company approaches,” as opposed to living project-to-project, he said. The new venture is fully focused on documentary storytelling, whereas RYOT’s focus was developing content in immersive VR and AR formats. “For me, it’s a return to my passion of documentary filmmaking,” Mooser said.
“Just like he did with RYOT, Bryn identified an industry that is growing at an insane rate but missing an established leader,” Armstrong said in a statement. “As the documentary industry explodes, and with Bryn at the helm, I am excited to watch XTR become a leader in this space. XTR has the ability to help reshape the documentary landscape.”
As for the company’s name, Mooser said it’s an homage to the classic Aaton XTR 16-millimeter camera. “It’s the one I drooled over in film school,” he said.Read more: Variety
Why this investing expert says Peloton's IPO filing is better than WeWork'sRett Wallace, co-founder and CEO of Triton Research, and Steve Jang, founder and managing partner at Kindred Ventures, join CNBC's 'Squawk Box' team to discuss the latest IPO news.
Khloe Kardashian’s Good American co-founder explains why the size-inclusive brand is a ‘game changer’Good American co-founder, Emma Grede, talks about the innovative and inclusive brand, and why Khloe Kardashian is the perfect business partner.
Ford makes big electric push in Europe with new launchesFord Motor Co said on Tuesday it would launch eight electric vehicles in Europe ... good news for $GTX 'Pushing' not a great selling point where cars are concerned! 😂🤣😂🤣 If only the electricity networks were ready for this large influx of electrical vehicles... Apparently power plants are running at maximum capacity too right now without the massive car charging. The fuel you don't put in at the gas station must go into the plants first.
Oculus founder Palmer Luckey scores $1 billion-plus valuation for his virtual border wall start-upAnduril, the start-up founded by Palmer Luckey, has secured a funding round, with money from Andreessen Horowitz, valuing the defense company at over $1 billion. That's a surveillance company you imbeciles Peter Thiel: Google’s working relationship with China is possibly treasonous and raises questions about U.S. national security. There’s this very peculiar background where Google is working with the Chinese Communist govt and not with the U.S. military such as Project Maven.
Comcast-Owned Sky Studios Launches U.S. Production Services Hub; Hires Jupiter’s Robert Twilley As PresidentEXCLUSIVE: Sky Studios, the commissioning and production arm of the Comcast-owned broadcaster, is bolstering its U.S. production capacity with the launch of a major production services hub. The Com…
Sky Studios Launches U.S. Post-Production HubComcast-owned European pay-TV giant Sky has created The Hive, a U.S.-based production services hub. Based in New York and Knoxville, the unit will work on programming coming out of Sky’s fledgling …