Sony Pictures invests $100 million in virtual reality venue operator Cosm
By
Samantha Masunaga
Summary
Sony Pictures is investing $100 million for a minority stake in Cosm, a virtual reality venue operator based in El Segundo. Cosm currently runs three venues in Inglewood (Hollywood Park), Dallas, and Atlanta, with plans to expand to Detroit and Cleveland. Sony Pictures CEO Ravi Ahuja will join Cosm's board of directors as part of the deal. The investment reflects Sony's strategy to grow its business in communal entertainment experiences.
Source
bskySony Pictures invests $100 million in virtual reality venue operator Cosmlatimes.comKey quotes
· 3 pulledSony Pictures will invest $100 million and take a minority stake in virtual reality venue operator Cosm, as the studio continues to build a business in communal experiences.
As part of the investment, Sony Pictures Chief Executive Ravi Ahuja will also join Cosm's board of directors, the studio said Wednesday.
Cosm bills itself as a 'shared re
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