Sony Pictures invests $100 million in giant-screen venue operator Cosm

Sony Pictures will invest $100 million and take a minority stake in Cosm, the operator of large-screen venues that show films and sporting events. The studio said Wednesday that its chief executive will also join Cosm’s board of directors. The size of the minority stake was not disclosed.

Investment details and venue expansion Cosm currently operates three venues: one at Hollywood Park in Inglewood, one in North Dallas and one in downtown Atlanta. The company plans to open a new venue in Detroit in September and another in Cleveland early next year.

Founded in 2020, Cosm serves food and offers seating that includes high-top tables and booths designed to create a more social theater experience. Its giant curved screens are intended to make guests feel immersed in the action.

Content and partnerships Cosm has largely focused on sports but has also shown Cirque du Soleil productions and collaborated with Warner Bros. ” Comcast’s NBCUniversal media and sports unit previously struck a deal to screen Premier League soccer matches and Big Ten football games at Cosm’s theaters in Los Angeles and Dallas.

“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.”