Amy Pascal Extends Sony Contract

CULVER CITY: Sony Pictures Entertainment has extended Amy Pascal’s employment agreement, keeping her as co-chairman of the studio through 2015.

Together with Michael Lynton, SPE’s chairman and CEO, Pascal oversees all of the studio’s business lines, including motion pictures (Columbia Pictures, Screen Gems and TriStar Pictures), worldwide television production and distribution, home entertainment, and digital productions. Her contract extension comes on the heels of SPE’s releases generating more than $2 billion so far this year. Pascal has been with the studio for more than two decades.

"I have never enjoyed a job more than this one, thanks to my partnership with Amy," Lynton said. "Her leadership, business skills and candid, no-nonsense approach to problem solving brings enormous strength to all of our lines of business, especially in this time of real challenge and change in our industry. I couldn’t imagine running Sony Pictures without Amy as my partner."

Howard Stringer, chairman, CEO and president of Sony Corporation, added, "At Sony Pictures, two heads are smarter than one, more distinguished than one, and more dynamic than one. Amy Pascal and Michael Lynton are synonymous with success and style and under their leadership, the studio continues to be an immense source of pride for us all. While The Social Network is receiving such unanimous acclaim, it is only the latest in a long string of hits from the studio over the past several years. There is no doubt Amy is making Culver City the epicenter of creativity, and a home away from home for Hollywood’s finest."

Pascal added, "Michael and I care deeply about the content Sony Pictures creates and we share a unified and committed vision towards the kinds of movies and television programming we want to make. I am very lucky to have a boss in my corner like Howard. He has been a true champion of this studio and he put Michael and me together as partners, and for that alone, I will always be grateful. There could be no better collaborator, no savvier businessman and no greater friend as we lead Sony into the future. We are tremendously proud of what our employees all over the world have accomplished over the past several years. For the better part of this decade, we have enjoyed an outstanding level of success thanks to each member of our team who tirelessly supports the innovative storytellers and talent who bring our projects to screens and devices of every size. I know the best from Sony Pictures is still to come."