Sony Pictures Invests $100 Million in Immersive Dome Theater Startup Cosm
By
Brian Welk
Summary
Sony Pictures Entertainment has made a $100 million strategic minority investment in Cosm, an upstart brand of giant immersive dome theaters that blend virtual reality with physical space. The investment follows Sony's earlier acquisition of Alamo Drafthouse Theaters and signals the studio's bet on experiential, event-based cinema. SPE Chairman and CEO Ravi Ahuja will join Cosm's Board of Directors. Cosm currently operates three locations in the U.S.
Source
IndieWireSony Pictures Invests $100 Million in Immersive Dome Theater Startup Cosmindiewire.comKey quotes
· 3 pulledSPE on Wednesday, June 24 announced a $100 million strategic investment in Cosm
Cosm is an upstart brand of giant, immersive dome theaters that are designed to be so big they effectively feel like the merging of virtual reality and the physical space
SPE Chairman and CEO Ravi Ahuja will join the Cosm Board of Directors
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