Michael Lynton Extends Sony Pictures Contract To 2012

CULVER CITY, October 4: Sony Pictures Entertainment’s
chairman and CEO, Michael
Lynton, has extended his contract at the studio to 2012.

Lynton joined Sony Pictures in January 2004. Under the
leadership of Lynton and co-chairman Amy Pascal, Sony Pictures broke the
all-time motion picture industry record by taking in more than $1.7 billion at
the domestic box office in 2006, with a record 13 number-one films. Worldwide,
SPE also had its best year ever in 2006, with more than $3.3 billion in box
office receipts. This year, Sony's Spider-Man 3 holds the crown for the biggest U.S. box office performance of 2007.
Last week, the studio crossed the $1 billion U.S. box office mark for the sixth
straight year, a feat accomplished by only one other studio in Hollywood.

During Lynton's time at Sony Pictures, the studio released
such major motion pictures as The Da Vinci Code, Talladega Nights: The Ballad Of Ricky Bobby, Casino Royale, Superbad and The
Pursuit of Happyness, and produced the
television shows Rescue Me, 'Til
Death, Damages and Rules of Engagement and the Emmy Award-winning mini-series Broken
Trail.

The studio has also seen growth in its U.S. and
international television, home entertainment and digital businesses. During
Lynton's tenure, Sony Pictures has expanded its global presence with the
creation of an international motion picture production group and the
establishment of new television channels in countries around the world. Lynton
has also overseen the studio's entry into the digital distribution of content,
the development of the Blu-ray disc business and the acquisition of Crackle, an
online streaming entertainment network.

Lynton has previously worked for The Walt Disney Company,
served as president of Hollywood Pictures, chairman and CEO of Pearson plc's
Penguin Group, CEO of AOL Europe, president of AOL International and as
president of Time Warner International.

"Michael Lynton's financial acumen and firm grasp of
content in the digital era is exactly what's needed to lead a studio in the
21st century," said Sir Howard Stringer, the chairman and CEO of Sony
Corporation. "Together he and Amy have become a forceful and dynamic team,
guiding the studio to even greater heights than I could have hoped. I am
delighted that they will both continue on in their roles for years to
come."