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Andria Moore/Amazon Prime

As the new owners of a 34,000-square-foot virtual production stage in Culver City, it was only a matter of time before Amazon discovered how to marry Web Services and emerging virtual production tech with the Hollywood system. The result is their newly announced Amazon Studios Virtual Production team—a group of around 20 creatives and engineers who will oversee and run production for the largest LED wall stage in the United States. Consisting of 3,000 LED panels (measuring 80 feet in diameter and clocking in at almost two and a half stories tall), along with 100 motion capture cameras, the wall offers performers and crew a three-dimensional environment in which to interact during filming.

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Photo by Bryan Angelo on Unsplash

Amazon Catalytic Capital will invest $150 million to venture capital funds backing Black, Latino, Indigenous, women, and LGBTQIA+ founders at the pre-seed and seed capital stage capital. Their goal is to support developing startups through mentorship and partnership opportunities.

The fund has already funneled money into Collide Capital, Elevate Future Fund, Techstars Rising Stars Fund and Share Venture. Amazon plans to support 10 funds and 200 companies within the fund’s first year.

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