Sony Pictures invests $100 million in Cosm, takes minority stake
Sony Pictures Entertainment announced a $100 million strategic investment in immersive technology firm Cosm on Wednesday, marking a push by the Hollywood studio to extend its film and television properties into a growing network of dome-shaped venues across the United States.
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Los Angeles-based Cosm operates dome venues using its “Shared Reality” technology, which projects live sports, concerts and other events onto massive, wraparound curved LED screens.
As the lead investor in Cosm’s Series C financing round, Sony Pictures will acquire a minority ownership stake in the company, it said in a statement.
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The investment advances Sony Pictures’ focus on experiential entertainment, fandom and technology, and would allow the studio to explore new ways to extend its intellectual property through immersive experiences.
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