BSkyB expands Jaunt investment

UK satcaster BSkyB is expanding its interests in start-up companies specialising in video content by ramping up investment in an early-stage California-based firm.

Jaunt, based in Palo Alto, focuses on capturing and displaying video content and has received an equity investment of US$400,000 from Sky.

The move follows a $350,000 equity investment made by Sky during an earlier round of funding in December and will provide the satcaster with further insight into developments within the field.

Sky has already made similar investments in tech-related companies including TV streaming service Roku and social media company Zeebox.

It has also been busy investing in the traditional broadcast and production industry, recently acquiring a 70% stake in Love Productions and sealing an $8bn buy-out of Sky Italia and Sky Deutschland on Friday.