Sony Entertainment CEO Michael Lynton is leaving the company to take up a new position, as Snap’s chairman of the board. Lynton, in charge of Sony’s Pictures and Music businesses, will resign from 2 February though he will stay on for six-months as co-CEO of Sony Entertainment and Sony Corporation to America, to work with Sony CEO Kazuo Hirai to find a replacement.
During the transition, Hirai will take on the additional title of chairman and co-CEO of Sony Entertainment. He will also have a second office at SPE's offices in Culver City, California, to oversee the management of the entertainment companies, namely Sony Pictures Entertainment, Sony Music Entertainment and Sony/ATV Music Publishing, as well as Sony Corporation of America.
Lynton steps down after 13 years with Sony. According to various reports, he will be helping Snap prepare its IPO.
