“Amid the fallout of the Sony hacking crisis,Amy Pascal will step down from her post as co-chairman, Sony Pictures Entertainment,” reports the Hollywood Reporter.
The story continues, “The move has been widely expected ever since the studio became engulfed in one of the worst cyber attacks in corporate history and certainly the most embarrassing hit ever taken by a major Hollywood institution in the digital age.”
Later in the long article THR adds, “But even before the crippling hack, Pascal’s grip had begun to weaken, as the studio weathered one of the worst years for any major in 2013 with a string of expensive flops including ‘After Earth’ and ‘White House Down.’
The Wall St. Journal says, “While the emails of numerous executives were leaked by hackers in December, Ms. Pascal’s proved to be particularly embarrassing, including racially tinged comments about President Barack Obama and some doubts on her part about the studio’s own movies. In addition, Sony has struggled in recent years to generate the kind of globally successful film franchises on which major studios currently depend.”
Writes The New York Times, “Ms. Pascal had been in contract renewal talks for months. She decided instead to accept a four-year production deal that most likely will involve her making some of Sony’s biggest planned films. The studio said Ms. Pascal would leave her position in May and did not name a successor.”
The Times said that Pascal worked for Sony twice, with her last run starting in 1996.