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Sony Bets $100M on Shared Reality Domes

24 Jun

Summary

Sony Pictures invested $100 million in Cosm's Series C financing.
Cosm creates shared-reality experiences in immersive dome venues.
Sony aims to expand Cosm's market footprint globally with this investment.

Sony Pictures Entertainment has invested $100 million in Cosm, a company focused on shared-reality experiences in immersive dome venues. Sony led Cosm's Series C financing, securing a minority ownership stake, and SPE's CEO will join Cosm's board.

Cosm, founded in 2020, operates several dome structures across the U.S., including in Los Angeles and Dallas. These venues utilize 87-foot, 12K LED displays to immerse audiences in events, from sports to films.

The investment is intended to help Cosm expand its domestic and international market footprint. Sony aims to leverage Cosm's technology for its own film franchises.

This move follows Sony's recent acquisition of Alamo Drafthouse theaters, aligning with the studio's experience initiatives. Cosm plans to use the capital for venue network expansion and technology advancements.

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