Sony Pictures Invests $100M in Cosm Shared-Reality Venues

Sony Pictures Entertainment has invested $100 million in Cosm, a company operating immersive dome venues for shared-reality experiences. The investment leads Cosm's Series C round, with Sony taking a minority stake and SPE CEO Ravi Ahuja joining Cosm's board. Cosm, founded in 2020 by Steve Winn, has opened domes in Los Angeles, Dallas, and Atlanta, with upcoming venues in Detroit and Cleveland. The 87-foot, 12K LED domes offer tiered seating for sports and entertainment events. Cosm has partnerships with the NFL, NBA, WWE, NBC Sports, ESPN, and CBS Sports, and has screened films like "The Matrix" and "Harry Potter." Sony plans to use the technology for its own franchises, including "Spider-Man" and "Ghostbusters," with announcements expected by year-end. The investment follows Sony's 2024 purchase of Alamo Drafthouse, though both will remain separate. Goldman Sachs and Allen & Company advised Cosm.