Jeffrey Katzenberg and Kimbal Musk Join Forces to Revolutionize Entertainment with Drone Technology
Jeffrey Katzenberg, the co-founder of DreamWorks, and Kimbal Musk, the younger brother of Elon Musk, have formed an unlikely partnership to merge Hollywood storytelling with next-generation drone technology. Their collaboration began at the annual Burning Man festival in Nevada’s Black Rock Desert in 2022, where Katzenberg was impressed by a light show presented by Musk’s drone entertainment venture, Nova Sky Stories.
Kimbal Musk (L) and Jeffrey Katzenberg (R) aim to merge Hollywood storytelling with next-gen drone tech. Photos by Chris Saucedo/Getty Images for SXSW and Christopher Polk/WWD via Getty Images
Katzenberg’s Investment in Nova Sky Stories
Katzenberg has joined Nova Sky Stories as a board member and strategic advisor, while his investment firm, WndrCo, is backing the venture in a new $50 million fundraising round. This investment marks Katzenberg’s first major media investment since the failed launch of Quibi, a short-form streaming venture, in 2020. Katzenberg’s experience in the entertainment industry, including his role as chairman of Walt Disney Studios and co-founder of DreamWorks, makes him an ideal partner for Nova Sky Stories.
Katzenberg and Musk are also co-developing a drone “sky story” set to debut in 2026. Nova Sky Stories’ arsenal of LED-equipped drones has previously been utilized to create large-scale light shows at concerts, museums, and even Tesla’s Robotaxi unveiling last October. “Jeffrey has shaped the world’s most iconic family entertainment experiences, and now he’s bringing that magic to Nova,” said Musk in a statement.
The Future of Entertainment
Katzenberg is betting that his entertainment background, combined with Nova’s technological edge, can spark a new form of storytelling. Beyond licensing existing characters from established companies, Nova Sky Stories also aims to create original characters and worlds. “It’s a little bit of a cliche: the sky’s the limit,” Katzenberg said in a recent interview with Yahoo Finance.
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Image Source: observer.com
