Published on: June 25, 2026
Sony Pictures Entertainment (SPE) has announced a strategic investment of $100 million in Cosm, a technology, media, and entertainment company known for its immersive Shared Reality experiences that blend digital and physical environments.
As the lead investor in Cosm’s Series C funding round, SPE will acquire a minority stake in the company. Additionally, SPE Chairman and CEO Ravi Ahuja will join Cosm’s Board of Directors as part of the partnership.
The investment aligns with Sony Pictures Entertainment’s focus on experiential entertainment, emerging technologies, and fan engagement. Through this collaboration, SPE aims to explore new opportunities to bring its portfolio of intellectual properties to audiences through innovative, technology-driven experiences that deepen consumer connections with content.
Cosm currently operates three venues located in Inglewood, Los Angeles at Hollywood Park, North Dallas at Grandscape, and downtown Atlanta at Centennial Yards. The company is continuing its expansion with a fourth venue scheduled to open in downtown Detroit in September and a fifth location planned for downtown Cleveland early next year. Additional domestic and international venues are also in development.
“Cosm sits at the intersection of several trends shaping the future of entertainment. We’ve followed Cosm since before launch and have been impressed with the quality of the experience and the enthusiasm it’s generating with audiences,” said Ahuja. “We’re excited to support Cosm’s next phase of growth and help bring these experiences to more fans around the world.”
“Sony Pictures shares our passion for innovation and the future of the fan experience, and this investment represents that,” added Cosm President and CEO Jeb Terry. “We will use this capital to fuel Cosm’s growth as we expand our venue network and advance our technology initiatives across both Sports and Entertainment. Sony is one of the most storied technology and entertainment companies in the world with IP spanning across films, tv, music, and games. Together, we’re positioned to bring more of the world’s most iconic IP to life in Shared Reality as we continue to super serve our fans around the world.”
Goldman Sachs & Co. LLC and Allen & Company LLC acted as financial advisors to Cosm for the transaction.
