Why Sony is investing $100M into ‘shared-reality’ operator Cosm
Yesterday’s announcement that Sony is investing $100 million into Cosm — the El Segundo-based operator of a handful of Sphere-like venues — suggests that the Tokyo-headquartered conglomerate now holds about a 10% ownership stake in Cosm based on a $1 billion valuation in 2024.
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Page Six Hollywood Why Sony is investing $100M into ‘shared-reality’ operator Cosm Published June 25, 2026, 9:45 a.m. ET Yesterday’s announcement that Sony is investing $100 million into Cosm — the El Segundo-based operator of a handful of Sphere-like venues — suggests that the Tokyo-headquartered conglomerate now holds about a 10% ownership stake in Cosm based on a $1 billion valuation in 2024. 3 Ravi Ahuja, Chairman and CEO, Sony Pictures Entertainment The Hollywood Reporter via Getty Images A source close to Sony says that Cosm’s popularity with sports fans was one of its biggest draws, and that Sony Pictures Entertainment chairman Ravi Ahuja in particular has been enthralled with the company for more than a year. (Ahuja gets a board seat as part of the deal).
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