Sony Pictures co-Chairman Amy Pascal, whose jokes about President Barack Obama became public after the studio’s computers were hacked, will leave that position for a new production venture at the studio.
Pascal will transition to the new role in May 2015, the Culver City, Calif.-based studio said Thursday in an e-mailed statement. She will start her own company focused on movies, television and theater, the statement said.
As part of a four-year agreement, Sony Pictures will finance the venture and retain all distribution rights worldwide to films financed. Her company will be located at the Sony Pictures lot.
Pascal was embroiled in scandal in November, when hackers began releasing executives’ e-mails. Those e-mails included racial remarks about Obama’s taste in movies in messages with producer Scott Rudin. Both publicly apologized.
Never miss a local story.
The cyber-terrorists, linked to North Korea by the FBI, were trying to stop the entertainment division of Tokyo-based Sony from releasing “The Interview,” a Seth Rogen comedy about a plot to kill Kim Jong Un, that country’s supreme leader. The film was ultimately released in a limited number theaters before going to home video.
Pascal has led the Sony’s film division since September 2006, reporting to Michael Lynton, chairman and chief executive officer of Sony Pictures Entertainment.