Tokyo, Japan/Culver City, California – Sony Corporation announced today that Michael Lynton will step down as CEO of troubled Sony Entertainment effective February 2, 2017. Lynton has been steering Sony Pictures for 13 years, a span which included the massive 2014 hacking incident that saw unreleased films, emails and other studio information released on the internet. At the time, his co-chair at Sony Pictures was Amy Pascal, she left the company in 2015.
Sony spokespeople say that Lynton’s departure will extend over the next six months as it works to find a replacement. In the meantime, Sony CEO Kaz Hirai will take over the title of Chairman and co-CEO of Sony Entertainment, and maintain a second office at Sony Pictures’ headquarters in Los Angeles.
Execs rumored to be in line for Lynton’s position include Tribune Media president and CEO Peter Liguori, as well as Jim Gianopulos, recently ousted as chairman and CEO of Fox Filmed Entertainment.