Sony Pictures Entertainment (SPE) announced today that studio head, Amy Pascal is stepping down form her position to launch a new production company at Sony. Pascal served as Chairman of the Motion Pictures Group of SPE and co-Chairperson of SPE.
Pascal joined Columbia Pictures in 1988 and joined Sony when the studio was purchased by Sony in 1989. She will officially step down and transition to her new production company in May. Amy Pascal said this in a statement:
“I have spent almost my entire professional life at Sony Pictures and I am energized to be starting this new chapter based at the company I call home. I have always wanted to be a producer. Michael (Lynton) and I have been talking about this transition for quite some time and I am grateful to him for giving me the opportunity to pursue my long-held dream and for providing unparalleled support. As the slate for the next 2 years has come together, it felt like the right time to transition into this new role. I am so grateful to my team, some of whom I have worked with for the last 20 years and others who have joined more recently. I am leaving the studio in great hands. I am so proud of what we have all done together and I look forward to a whole lot more.
Pascal’s production company is part of a four-year agreement that gives Sony distribution rights and finance the films done released by the company.
During her time at Sony, she led them to a global box office haul of $46 Billion and accumulated 315 Oscar nominations for the company.