This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Michael Lynton Extends Contract As Head Of Global Entertainment For Sony

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

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,122.01 +15.31 0.09%
S&P 500 2,000.12 +0.10 0.00%
NASDAQ 4,569.6210 -1.0160 -0.02%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs