Kimbal Musk believes that drones might be the future of entertainment. And some of the biggest titans in Hollywood history are backing him.
What’s happening:
- Kimbal Musk’s drone entertainment company Nova Sky Stories has raised $50M USD in a new Series A financing round
- The new round was led by venture capital fund WndrCo
Why it matters:
- This is one of the single largest funding rounds for a drone entertainment company that was founded in the United States of America
Going deeper:
- Nova Sky Stories has completed major drone shows for the Olympics, Coachella, Burning Man and even Tesla (NASDAQ: TSLA)
- Hollywood legend and DreamWorks co-founder Jeffrey Katzenberg has also officially joined Nova Sky Stories as a strategic advisor
The intrigue:
- Nova Sky Stories was initially founded when Kimbal Musk acquired Intel’s (NASDAQ: INTC) drone entertainment business
