SONY CO-CHAIR TO CALL QUITS

SONY CO-CHAIR TO CALL QUITS

The hackers group known as Guardians of peace who attacked Sony last year faced yet another success yesterday when co-chair of Sony pictures Amy Pascal called quits.

The only woman currently heading a Hollywood studio has long been one of the industry’s most powerful and successful executives. Her career began at Columbia Pictures in 1988, developing pictures including Groundhog Day and A League of Their Own. She rose through the ranks to be named co-chair of Sony Pictures in 2006, making her the most senior female executive in Hollywood.

Last November when Sony faced a cyber-attack ahead of the release of Seth Rogen comedy The Interview, poking fun about a plan to assassinate Kim Jong-un, her image took a serious hit when some of her personal emails were leaked by the hackers afterwards.

Among them were racially insensitive emails between Pascal and producer Scott Rudin joking that Obama’s favorite films are black-themed movies like Django Unchained and 12 Years a Slave.

In other leaked emails Rudin called Angelina Jolie a “minimally talented spoiled brat” as the two discussed Cleopatra, a movie Jolie was keen to develop.

When Pascal met Jolie at the Hollywood Reporter Women in Entertainment breakfast following the leak, the actress appeared to repel an awkward embrace by the studio boss in front of the awaiting cameras.

Other members of the studio were also affected by the attack as their social security numbers, salaries and other personal embarrassing information was leaked. After taking in consideration insurance policies, financial loss to Sony as whole estimates to about 15million dollars, but the reputational damage is more than financial one.

An apology was issued by her for the remarks made in her emails.

“The content of my emails to Scott were insensitive and inappropriate but are not an accurate reflection of who I am,” Pascal wrote in a statement. “Although this was a private communication that was stolen, I accept full responsibility for what I wrote and apologize to everyone who was offended.”

It was reported that she will be separating herself from Hollywood studio and starting up a Production venture based at Sony itself.

Michael Lynton, chief executive of Sony Pictures and Pascal’s co-chair, said he was “delighted” Sony would continue to work with Pascal.

“Amy’s creativity, drive and bold choices helped define SPE as a studio where talented individuals could take chances and push boundaries in order to deliver outstanding entertainment,” he said.

“The studio’s legacy is in large part due to Amy’s passion for storytelling and love of this industry,” he said.

Her contract runs out in March and as a part of her exit strategy she quoted that “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.”

SUMMARY

After the cyber-attack by The Guardians of Peace a North Korea based hacker’s organization on Sony pictures, co-chair Amy Pascal called quits on Thursday (Feb 5, 2015) when her personal emails were leaked. The emails contained controversial material such as racial jibs about president Obama and questioning acting skills of renowned actress Angelina Jolie. She later released an apology statement. Michael Lynton, chief executive of Sony Pictures and Pascal’s co-chair is considered to be next in line after her to take the mantle. Sony Pictures chair’s contract runs out in March. She will be setting up her own production company which will still see her working with Sony.




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