--- description: Sony announced this morning that Amy Pascal will step down from her post as co-Chairman SPE and chairman of the motion-picture group title: Amy Pascal Will Step Down as Co-Chairman of Sony Pictures image: https://static.time.com/v3/assets/bltea6093859af6183b/blt944941df36184c4e/69877ddc2dce01e9a59dd636/amy-pascal-sony.jpg?branch=production&width=3840&quality=75&auto=webp&crop=16:9 ---  * [Business](/section/business/) ## Business Update your preferences in [Account Settings](/account/preferences/) Close * [movies](/tag/movies/) ## movies Update your preferences in [Account Settings](/account/preferences/) Close # Amy Pascal Will Step Down From Sony Pictures Top Job  by [Tessa Berenson](/author/tessa-berenson/)  ## Tessa Berenson Update your preferences in [Account Settings](/account/preferences/) Close Feb 5, 2015 5:35 PM CUT  Amy Pascal, Sony Pictures Entertainment co-chairperson, arrives at Variety's 5th Annual Power of Women event at the Beverly Wilshire Hotel in Beverly Hills on Oct. 4, 2013 Amy Pascal, Sony Pictures Entertainment co-chairperson, arrives at Variety's 5th Annual Power of Women event at the Beverly Wilshire Hotel in Beverly Hills on Oct. 4, 2013Jordan Strauss—AP  by [Tessa Berenson](/author/tessa-berenson/)  ## Tessa Berenson Update your preferences in [Account Settings](/account/preferences/) Close Feb 5, 2015 5:35 PM CUT Sony announced Thursday morning that Amy Pascal will step down from the top job in its movies division. The company announced Pascal will transition from her role as co-chairman of Sony Pictures Entertainment and chairman of the company’s motion picture group to instead “launch a major new production venture at the studio” beginning in May 2015, [Deadline reports](http://deadline.com/2015/02/amy-pascal-leaving-sony-pictures-1201366781/ "undefined"). She will also be a producer on the new _Ghostbusters_ film and future _Amazing Spider-Man_ movies, [according to the _Hollywood Reporter (THR)_](http://www.hollywoodreporter.com/news/amy-pascal-step-down-top-755789 "undefined"). “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,” Pascal said in a statement. Pascal has been with Sony since 1988\. One of her biggest boons for the company was leading the _Spider-Man_ franchise, which at nearly $4 billion is the highest-grossing superhero franchise in Hollywood, and under her leadership, Sony Pictures had 95 movies that hit No. 1 at the domestic box office, more than any other studio, [reports _THR_](http://www.hollywoodreporter.com/news/amy-pascal-step-down-top-755789 "undefined"). It’s unclear who will succeed her, but Pascal’s departure from the role was likely hastened by embarrassing revelations from the Sony hack in December, a massive cybersecurity breach in the company that leaked thousands of documents online. Among the documents exposed by the attack were [emails between Pascal and Scott Rudin](http://time.com/3630485/amy-pascal-scott-rudin-apologize/ "undefined") making racial jokes about Barack Obama. In a [_Vanity Fair_ article](http://www.vanityfair.com/vf-hollywood/2015/02/sony-hacking-seth-rogen-evan-goldberg "undefined") on the Sony hack published online Wednesday, writer Mark Seal reported that Pascal “does not act as if she’s going anyplace anytime soon. She is excited to be developing _Ghostbusters 3,_ an all-female version of the 1984 hit comedy, which she feels will become the studio’s first female franchise.” [_Read more_**:** Who Is Amy Pascal? Meet the Exec Tangled Up in Sony’s Leaked Emails](http://time.com/3631735/amy-pascal-sony-hack/ "undefined") ```json [{"@context":"https://schema.org","@type":"NewsArticle","@id":"https://time.com/3697483/amy-pascal-sony-leave/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/3697483/amy-pascal-sony-leave/"},"headline":"Amy Pascal Will Step Down From Sony Pictures Top Job","datePublished":"2015-02-05T17:35:20.000Z","dateModified":"2026-02-22T04:11:22.749Z","description":"Less than three months after Sony hack revealed embarrassing emails","url":"https://time.com/3697483/amy-pascal-sony-leave/","keywords":["movies"],"thumbnailUrl":"https://static.time.com/v3/assets/bltea6093859af6183b/blt944941df36184c4e/69877ddc2dce01e9a59dd636/amy-pascal-sony.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","author":[{"@type":"Person","name":"Tessa Berenson","jobTitle":null,"url":"https://time.com/author/tessa-berenson/"}],"articleSection":"Business","image":[{"@type":"ImageObject","url":"https://static.time.com/v3/assets/bltea6093859af6183b/blt944941df36184c4e/69877ddc2dce01e9a59dd636/amy-pascal-sony.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","width":1200,"height":675,"headline":"Amy Pascal","caption":"Amy Pascal","creditText":"Jordan Strauss—AP","representativeOfPage":true}],"publisher":{"@type":"Organization","name":"Time","url":"https://time.com/","logo":{"@type":"ImageObject","url":"https://time.com/images/logo.png","width":528,"height":156},"foundingDate":"March 3, 1923","sameAs":["https://www.facebook.com/time","https://www.instagram.com/time/?hl=en","https://twitter.com/time","https://www.pinterest.com/timemagazine"]}},{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"/section/business/","name":"Business"}},{"@type":"ListItem","position":2,"item":{"@id":"/tag/movies/","name":"movies"}},{"@type":"ListItem","position":3,"item":{"@id":"https://time.com/3697483/amy-pascal-sony-leave/","name":"Amy Pascal Will Step Down From Sony Pictures Top Job"}}]},{"@context":"https://schema.org","@type":"VideoObject","name":"Sony Exec, Oscar-Winning Producer Apologize Over Emails About Obama","description":"Sony Pictures Entertainment chair Amy Pascal and Oscar-winning producer Scott Rudin have both issued apologies after Sony’s massive corporate hack revealed an email exchange of the two making distasteful jokes about President Obama.","thumbnailUrl":"https://cdn.jwplayer.com/v2/media/x8QfeQAd/poster.jpg?width=720","uploadDate":"2014-12-11T19:32:00.000Z","contentUrl":"https://cdn.jwplayer.com/manifests/x8QfeQAd.m3u8","embedUrl":"https://time.com/3697483/amy-pascal-sony-leave/","duration":"PT1M59S","potentialAction":{"@type":"SeekToAction","target":"https://time.com/3697483/amy-pascal-sony-leave/?jw_start={seek_to_second_number}","startOffset-input":"required name=seek_to_second_number"}}] ```