Sony Entertainment CEO Michael Lynton to resign
Mr. Lynton will step down after 13 years with Sony to be chairman of the Board of Snap Inc.
Mr. Lynton began in 2004 as Chairman and CEO of Sony Pictures Entertainment, and in 2012 was named CEO of Sony Entertainment, expanding his oversight to include Sony Pictures and also the music companies, Sony Music Entertainment and Sony/ATV Music Publishing.
In April 2016, he was appointed as Corporate Executive Officer of Sony Corporation in charge of the Pictures and Music businesses.
He has led each of the entertainment companies through a period of significant change in the film, television and music industries by focusing on digital transformation, reorientation to global audiences, content diversity and the creation of new distribution platforms.
For the next six months, Mr. Lynton will stay on as Co-CEO of Sony Entertainment, overseeing the Pictures and Music businesses, and as CEO of Sony Pictures Entertainment and Sony Corporation of America, to work with Sony Corporation’s President and CEO Kazuo Hirai to find a replacement, in particular for the leadership of Sony Pictures Entertainment.
During the transition, Mr. Lynton will work closely with Mr. Hirai, who will take on the additional title of Chairman and Co-CEO of Sony Entertainment.
Mr. Hirai will also have a second office at SPE’s offices in Culver City, California, to oversee the management of the entertainment companies, namely Sony Pictures Entertainment, Sony Music Entertainment and Sony/ATV Music Publishing, as well as Sony Corporation of America.