Michael Lynton Extends Contract As Head Of Global Entertainment For Sony

   Michael Lynton Extends Contract As Head Of Global Entertainment For Sony

PR Newswire

NEW YORK and CULVER CITY, Calif., April 9, 2013

NEW YORK and CULVER CITY, Calif., April 9, 2013 /PRNewswire/ --Michael
Lynton, Chief Executive Officer of Sony Entertainment, Inc. and Chairman and
Chief Executive Officer of Sony Pictures Entertainment, has renewed his
contract, it was announced today by Kazuo Hirai, President and Chief Executive
Officer of Sony Corporation.

(Photo: http://photos.prnewswire.com/prnh/20130409/NY91459 )

Lynton joined Sony Pictures Entertainment in January 2004 and, with
Co-Chairman Amy Pascal, they put the studio on a path of stability and success
across its lines of business. Lynton was appointed to the additional role of
CEO, Sony Entertainment, Inc. in 2012, overseeing Sony's global entertainment
businesses, including Sony Music Entertainment, Sony/ATV Music Publishing and
Sony Pictures.

This past year, Sony Pictures enjoyed its best performance ever at the
worldwide box office, ranking #1 in North American theatrical market share
among all Hollywood studios due to the strong performance of hits like
Skyfall™, The Amazing Spider-Man™, Men in Black™ 3 and Hotel Transylvania. The
company's growing Sony Pictures Television unit now encompasses global
production and distribution of top-rated programming across all genres, one of
the largest libraries of content and formats, as well as a global portfolio of
television networks, channel investments, a premium digital video network and
multi-platform ad sales.

At Sony Music, led by Chief Executive Officer Doug Morris, increases in
digital revenue and chart-topping performers like One Direction, Adele, Alicia
Keys and Pink have driven growth. This past year, under the leadership of
Chairman and Chief Executive Officer Martin Bandier, Sony/ATV took over the
administration of EMI Publishing, making it the world's foremost music
publishing business.

"Michael's steady leadership and strong vision for the digital future will
help keep Sony's entertainment businesses stable and reliable contributors to
Sony's growth," said Kazuo Hirai. "I look forward to working closely with
Michael in ensuring that music and pictures remain integral parts of our
global strategy.We're thrilled he will continue at the helm for years to
come."

During Lynton's tenure, Sony Pictures has rapidly expanded its global presence
and digital footprint. Worldwide box office revenue for Sony Pictures' films
surpassed the four billion dollar mark in 2012 for the first time. Sony
Pictures Television now has 18 production companies in 15 countries around the
world covering multiple regions and boasts international television networks
with 124 channel feeds in 159 countries reaching over 800 million homes
worldwide. In addition, the studio has become a leader in digital
entertainment pioneering business models like the ad-supported Crackle digital
video network, early Electronic Sell-Through (EST) and cloud-based content
ownership through UltraViolet.

Lynton commented, "I am grateful to work with some of the finest minds in the
entertainment business, starting with my partner at Sony Pictures, Amy Pascal,
as well as Doug Morris at Sony Music and Marty Bandier at Sony/ATV. They are
the best in their fields, and together we will strive to bring the very best
films, music and television shows to our growing, global audiences.

Lynton continued, "We will continue to collaborate closely with Kaz Hirai to
create innovative, world-class entertainment and technology experiences, as
only Sony can."

Born and raised in Europe, Lynton attended Harvard College and Harvard
Business School. He has previously worked on Wall Street and for The Walt
Disney Company, Hollywood Pictures (serving as President), Pearson plc's
Penguin Group (Chairman and CEO), AOL Europe (CEO), AOL International
(President) and Time Warner International (President).

SOURCE Sony Corporation of America

Website: http://www.sony.com
Contact: Jim Kennedy, Sony Corporation of America, 212-833-8823,
jim_kennedy@sonyusa.com; or Ann Boyd, Sony Pictures Entertainment,
310-244-3683, ann_boyd@spe.sony.com