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.

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.