It was announced today that Michael Lynton will leave his post as Sony Pictures Entertainment Chairman and CEO. He will leave the entertainment conglomerate, which he helmed for over a decade, to focus on his chairmanship of Snapchat.
“It has been an extraordinary 13 years and an honor to work at Sony with some of the most talented and creative people in the entertainment space,” Lynton said in a statement. “I want to thank Sony Corp – Kaz and Howard Stringer in particular – for their leadership and support over the years, and our excellent teams at Pictures and Music for their unwavering dedication to producing and distributing outstanding entertainment.”
He added, “I have been involved with Evan (Spiegel) and Snapchat since its early days, and given its growth since then, decided the time was right to transition and focus on my role as Chairman of the Board of Snap Inc.”
Lynton will stay on as co-CEO for six months to help lead a search for his replacement alongside Sony Corporation CEO Kazuo Hirai, who will take on the role of co-chief executive of Sony Entertainment.
Dino-Ray Ramos | Staff Writer