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    A logo is pictured outside Sony Pictures Studios in Culver City, California December 19, 2014

    Sony Co-Chair Steps Down Following Company’s Massive Cyberattack

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    Sony's 'The Interview' and Scandal Behind It (59)
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    Sony Pictures Entertainment announced that Amy Pascal, Co-Chairman of SPE and Chairman of the Motion Picture Group, will launch a major new production venture at the studio.

    WASHINGTON (Sputnik) — Co-Chairman of Sony Pictures Entertainment (SPE) Amy Pascal is stepping down from her current position to begin a new project with the company, following the alleged North Korean hack on SPE, resulting in a mass leak of employees' emails and the company pulling the plug on a film premiere, the entertainment corporation announced on Thursday.

    “Sony Pictures Entertainment today announced that Amy Pascal, Co-Chairman of SPE and Chairman of the Motion Picture Group, will launch a major new production venture at the studio,” Sony’s statement read.

    According to Sony, Pascal will begin her “new venture” this May, after serving as the company’s Co-Chairman since 2006.

    “As the slate for the next 2 years has come together, it felt like the right time to transition into this new role,” Pascal said in the statement on Thursday. “I am so grateful to my team, some of whom I have worked with for the last 20 years and others who have joined more recently.”

    Sony said in the statement that the former Co-Chair’s new project will be located at the Culver, City California property and that SPE would “finance Ms. Pascal’s venture and retain all distribution rights worldwide to films financed.”

    In 2014, Sony was hacked by a group of hackers, self-named “Guardians of Peace” that the United States claims were from North Korea.

    Hackers stole terabytes of the company’s sensitive information including employees’ passwords, salary details, emails and demanded that Sony cancel the release of “The Interview” comedy film about an assassination of the North Korean leader Kim Jong Un by US journalists.

    On January 2, US President Barack Obama signed an executive order expanding the existing sanctions against agencies and individuals of North Korea following the Sony cyber attack. The president said the new sanctions were the first aspect of a US “proportionate response” to the alleged North Korean cyberattack.

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    Sony's 'The Interview' and Scandal Behind It (59)

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