Amy Pascal Renews Sony Deal
Press Release from Sony Corporation of America
Sony Corporation of America has extended Amy Pascal’s employment agreement with Sony Pictures Entertainment.
Pascal is Co-Chairman of Sony Pictures, and together with Michael Lynton, Chairman and Chief Executive Officer, they are responsible for overseeing all lines of business for the studio, including motion pictures (Columbia Pictures, Screen Gems and TriStar Pictures), worldwide television production and distribution, home entertainment, and digital productions (Imageworks and Sony Pictures Animation).
So far this year, the studio’s successful slate of films has generated more than $2 billion in worldwide box office revenues. Since 2000, Sony Pictures has had 73 movies open to #1 at the domestic box office, more than any other studio.
Since becoming partners seven years ago, Lynton and Pascal are among the most seasoned, respected and accomplished management teams in the industry today, providing consistent and stable leadership to Sony Pictures and more than 6,000 employees worldwide. Pascal has been with the studio for more than two decades.
Among this year’s box office hits are The Karate Kid, which has taken in more than $359 million worldwide in box office receipts; Grown Ups, the most successful film starring Adam Sandler ever released, with more than $271 million generated globally; Salt, the action-thriller starring Angelina Jolie that has been a domestic and international hit, with more than $294 million in box office receipts to date; Eat Pray Love,starring Julia Roberts, which so far has generated more than $203 million worldwide; Will Ferrell and Mark Wahlberg’s The Other Guys, which has grossed over $169 million to date; Screen Gems’ Resident Evil: Afterlife, another global box office sensation, with more than $242 million in SPE-generated worldwide receipts; and The Social Network, the studio’s most recent critical and commercial hit has taken in nearly $185 million worldwide to date.
Last year, Sony Pictures enjoyed its best year ever at the worldwide box office with nearly $3.6 billion in theatrical ticket sales driven by hits as diverse as Angels & Demons, Michael Jackson’s This Is It, Sony Pictures Animation’s Cloudy with a Chance of Meatballs, 2012, Zombieland, Julie & Julia, The Ugly Truth, District 9, and many others.
Sony Pictures Television (SPT) has been equally successful, developing, producing and distributing two dozen series for primetime, syndication, and cable television. Shows on the air currently include The Dr. Oz Show, Breaking Bad, Damages, Rescue Me, Rules of Engagement and Community. Its most recent new series, The Big C, was Showtime's highest-rated premiere in eight years. Recently SPT launched The Nate Berkus Show, in collaboration with Harpo Productions. Additionally, among other highlights, the studio produces the top ranked daytime dramas on television (The Young and the Restless, Days of Our Lives) and the number one and two ranked game shows in syndication (Wheel of Fortune, Jeopardy!) in the United States.
“I have never enjoyed a job more than this one, thanks to my partnership with Amy. Her leadership, business skills and candid, no-nonsense approach to problem solving brings enormous strength to all of our lines of business, especially in this time of real challenge and change in our industry,” said Lynton. “I couldn’t imagine running Sony Pictures without Amy as my partner.”
“At Sony Pictures, two heads are smarter than one, more distinguished than one, and more dynamic than one,” said Sir Howard Stringer, Chairman, Chief Executive Officer and President of Sony Corporation. “Amy Pascal and Michael Lynton are synonymous with success and style and under their leadership, the studio continues to be an immense source of pride for us all. While The Social Network is receiving such unanimous acclaim, it is only the latest in a long string of hits from the studio over the past several years. There is no doubt Amy is making Culver City the epicenter of creativity, and a home away from home for Hollywood’s finest.”
Sony Corporation of America has extended Amy Pascal’s employment agreement with Sony Pictures Entertainment.
Pascal is Co-Chairman of Sony Pictures, and together with Michael Lynton, Chairman and Chief Executive Officer, they are responsible for overseeing all lines of business for the studio, including motion pictures (Columbia Pictures, Screen Gems and TriStar Pictures), worldwide television production and distribution, home entertainment, and digital productions (Imageworks and Sony Pictures Animation).
So far this year, the studio’s successful slate of films has generated more than $2 billion in worldwide box office revenues. Since 2000, Sony Pictures has had 73 movies open to #1 at the domestic box office, more than any other studio.
Since becoming partners seven years ago, Lynton and Pascal are among the most seasoned, respected and accomplished management teams in the industry today, providing consistent and stable leadership to Sony Pictures and more than 6,000 employees worldwide. Pascal has been with the studio for more than two decades.
Among this year’s box office hits are The Karate Kid, which has taken in more than $359 million worldwide in box office receipts; Grown Ups, the most successful film starring Adam Sandler ever released, with more than $271 million generated globally; Salt, the action-thriller starring Angelina Jolie that has been a domestic and international hit, with more than $294 million in box office receipts to date; Eat Pray Love,starring Julia Roberts, which so far has generated more than $203 million worldwide; Will Ferrell and Mark Wahlberg’s The Other Guys, which has grossed over $169 million to date; Screen Gems’ Resident Evil: Afterlife, another global box office sensation, with more than $242 million in SPE-generated worldwide receipts; and The Social Network, the studio’s most recent critical and commercial hit has taken in nearly $185 million worldwide to date.
Last year, Sony Pictures enjoyed its best year ever at the worldwide box office with nearly $3.6 billion in theatrical ticket sales driven by hits as diverse as Angels & Demons, Michael Jackson’s This Is It, Sony Pictures Animation’s Cloudy with a Chance of Meatballs, 2012, Zombieland, Julie & Julia, The Ugly Truth, District 9, and many others.
Sony Pictures Television (SPT) has been equally successful, developing, producing and distributing two dozen series for primetime, syndication, and cable television. Shows on the air currently include The Dr. Oz Show, Breaking Bad, Damages, Rescue Me, Rules of Engagement and Community. Its most recent new series, The Big C, was Showtime's highest-rated premiere in eight years. Recently SPT launched The Nate Berkus Show, in collaboration with Harpo Productions. Additionally, among other highlights, the studio produces the top ranked daytime dramas on television (The Young and the Restless, Days of Our Lives) and the number one and two ranked game shows in syndication (Wheel of Fortune, Jeopardy!) in the United States.
“I have never enjoyed a job more than this one, thanks to my partnership with Amy. Her leadership, business skills and candid, no-nonsense approach to problem solving brings enormous strength to all of our lines of business, especially in this time of real challenge and change in our industry,” said Lynton. “I couldn’t imagine running Sony Pictures without Amy as my partner.”
“At Sony Pictures, two heads are smarter than one, more distinguished than one, and more dynamic than one,” said Sir Howard Stringer, Chairman, Chief Executive Officer and President of Sony Corporation. “Amy Pascal and Michael Lynton are synonymous with success and style and under their leadership, the studio continues to be an immense source of pride for us all. While The Social Network is receiving such unanimous acclaim, it is only the latest in a long string of hits from the studio over the past several years. There is no doubt Amy is making Culver City the epicenter of creativity, and a home away from home for Hollywood’s finest.”
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