detroit

Sony Pictures invests $100 million in virtual reality venue Cosm

Sony Pictures will invest $100 million and take a minority stake in virtual reality venue operator Cosm, as the studio continues to build a business in communal experiences.

As part of the investment, Sony Pictures Chief Executive Ravi Ahuja will also join Cosm’s board of directors, the studio said Wednesday. The size of Sony’s minority stake was not disclosed.

The El Segundo-based Cosm currently operates three venues — one at Hollywood Park in Inglewood, and the others in Dallas and Atlanta. The company plans to open additional venues in Detroit and Cleveland.

Cosm bills itself as a “shared reality venue,” and its facilities center around a massive, wraparound screen that is intended to envelop viewers with additional digital effects. The company has largely focused on sports, though it has also shown Cirque du Soleil shows and done several collaborations with Warner Bros., including recent screenings of 2001’s “Harry Potter and the Sorcerer’s Stone” in honor of the film’s 25th anniversary.

“Cosm sits at the intersection of several trends shaping the future of entertainment,” Ahuja said in a statement. “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.”

The investment is Sony’s latest venture into experiential entertainment. In 2024, the Culver City-based studio acquired dine-in theater chain Alamo Drafthouse Cinema.

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Carney says the new Canadian-built bridge across Detroit River that Trump threatened will open

A new Canadian-built bridge across the Detroit River that U.S. President Donald Trump threatened to block will open soon, Canadian Prime Minister Mark Carney said Tuesday.

A ribbon-cutting ceremony for the Gordie Howe International Bridge, jointly owned by Canada and the U.S. state of Michigan, is set to take place on Friday, while the bridge itself is expected to open to traffic later this month.

In February, Trump demanded that Canada turn over at least half the ownership of the bridge to the U.S. federal government and agree to other unspecified demands in one of his many salvos over cross-border trade issues.

The bridge, which would connect Windsor, Ontario, and Detroit, and would be a vital economic artery between Canada and the United States, had been expected to open early this year, according to information on the project’s website.

The bridge is named after Howe, the late Canadian hockey great who spent 25 seasons with the Detroit Red Wings.

The project was negotiated by former Michigan Gov. Rick Snyder — a Republican — and paid for by the Canadian government to help ease congestion over the existing Ambassador Bridge and Detroit-Windsor tunnel. Work has been underway since 2018.

“Obviously the bridge will be open at the end of the week. A symbol of, but also a fact of cooperation between our countries,” Carney told reporters as he walked into Parliament.

“Great for Canadians going across the border, Americans coming across the border, and for commerce,” he said, calling it “positive news.”

Trump threatened the bridge as the United States-Mexico-Canada trade agreement is up for review this year, and Trump has been taking a hard-line position before those talks, including by issuing new tariff threats.

Carney, meanwhile, has spoken out on the world stage against economic coercion by the United States.

Sen. Elissa Slotkin, a Michigan Democrat, has said that the Canadian-funded project is a “huge boon” to her state and its economic future.

Michigan is a swing state that Trump carried in both 2016 and 2024.

Snyder wrote in an op-ed in The Detroit News earlier this year that Trump was wrong in asserting that Canada owns both the U.S. and Canadian sides of the Gordie Howe bridge.

“Canada and the state of Michigan are 50/50 owners of the new bridge,” Snyder wrote. “Canada was wonderful and financed the entire bridge. They will get repaid with interest from the tolls. Michigan and the United States got their half-ownership with no investment.”

The Gordie Howe bridge will join the privately owned Ambassador Bridge as the second span connecting Detroit and Windsor, Ontario.

The rival Ambassador Bridge is considered the busiest U.S.-Canadian border crossing, carrying 25% of all trade between the two countries. It plays an especially important role in auto manufacturing.

Companies controlled by the Moroun family, owners of the rival Ambassador Bridge, previously sued to prevent the Howe bridge from being built.

Gillies writes for the Associated Press.

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