Co-chairman of Sony Pictures Entertainment Amy Pascal is stepping down from her post following the recent cyberattack that took place after the release of the movie The Interview.
Her contract runs out next month, where she will then launch a new production venture at the studio. Sony Pictures Entertainment will finance her venture and retain all distribution rights worldwide to her films.
The move has been expected ever since Sony has been dealing with the fallout from the hack, where embarrassing emails of Pascal’s were exposed, relating to her thoughts on both US president Barack Obama and the studio’s own movies.
Earlier this week the firm unveiled that it has set aside $15m to deal with the hacking fallout, but stressed it does not expect the debacle to negatively impact overall profits.