Amy Pascal steps down at Sony

Sony Pictures Entertainment co-chairman Amy Pascal is stepping down from her position, but isn’t leaving the lot. “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,” said Pascal, who’s launching a production venture at the studio. “I am happy to say that Amy’s decision is not the end of her relationship with the studio but the start of a new and exciting chapter in her extraordinary career that promises to be mutually beneficial,” said Sony Entertainment CEO Michael Lynton. The announcement comes in the wake of the computer hacking scandal related to Seth Rogan movie The Interview.

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