Hollywood's Jeffrey Katzenberg bets on cybersecurity, avoids digital media as he seeks out startups
Publishing timestamp: 2024-06-04 09:43:18
Summary
Hollywood mogul Jeffrey Katzenberg raised $460 million for his investment firm WndrCo, focusing on cybersecurity, consumer technology, and the future of work. Katzenberg is bullish on technology but steering clear of digital media after the failure of Quibi. WndrCo has invested in various technology companies and is looking for opportunities in cybersecurity and consumer technology. Katzenberg and his team are also waiting for guardrails in artificial intelligence.
Sentiment: POSITIVE
Tickers: T, CMCSA, DBX, HOOD, DIS,
Keywords: at&t inc, walt disney co, robinhood markets inc, jeffrey katzenberg, media, technology, breaking news: business, entertainment, dropbox inc, breaking news: technology, comcast corp, business news,
Source: https://www.cnbc.com/2024/06/04/jeffrey-katzenberg-wndrco-raises-460-million.html