Sony Pictures co-chair steps down

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Sony Pictures' Amy Pascal has quitted as co-chair of Sony's movie studio following a cyber attack that discovered her private emails. Ms Pascal will start a production company that will be brought in May 2015. She has already apologised for certain disclosures that came as a result of the leaked emails. Last month, Sony condemned the "vicious" attack, which led it to suspend the release of the film 'The Interview'.

"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," said Ms Pascal in a statement. She added that her transition to a production role had been discussed "for some time". As part of the agreement, Sony will fund her production company for at least the next four years, and it will retain distribution rights.



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