Sony Pictures Entertainment has announced a $100 million strategic investment in Cosm, an immersive technology firm. This investment marks 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.

Cosm’s Technology and Expansion

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.

The investment advances Sony Pictures’ focus on experiential entertainment, fandom, and technology, allowing the studio to explore new ways to extend its intellectual property through immersive experiences. Sony Pictures CEO Ravi Ahuja will join Cosm’s board of directors.

Cosm has opened three domes in Los Angeles, Dallas, and Atlanta, with venues planned for Detroit in September and Cleveland next year. Additional U.S. and international locations will be announced soon, the company said.

Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.