Pascal Upped at Sony

CULVER CITY, September 7: Amy Pascal has been promoted to
co-chairman of Sony Pictures Entertainment, alongside chairman and CEO Michael
Lynton, and has extended her deal with the studio to 2011.

In addition to her new title, Pascal will continue to serve
as chairman of the studio's Motion Picture Group. Both Pascal and Lynton will
continue to report to Sir Howard Stringer, the chairman and CEO of Sony
Corporation.

"This richly deserved promotion reflects the reality of
our partnership here at Sony Pictures,” Lynton said. “Ever since Howard brought
us together, Amy and I have been partners in running the studio, and I really
wanted our titles to reflect our teamwork.”

Sony is the only studio to exceed the $6 billion dollar mark
in domestic box office sales between 2002 and 2006. To date this year, Sony has
released eight number-one films, including The Da Vinci Code, Talladega Nights: The Ballad of Ricky
Bobby and Click.

"With the industry coming to terms with the challenges
of a new era of entertainment, Michael and I share the same vision as we
navigate Sony Pictures into the future," said Pascal. "I couldn't be
more grateful to Michael and Howard for their unflinching faith and continued
support. We have had much success over the past several years and that is a
testament to the phenomenal talent of the people in production, marketing, home
entertainment, television, digital and all our business units. I am extremely
proud of the team we have in place and, with Michael, I look forward to
building upon the record we've established."