Sony Re-Ups Movie, Music Boss Michael Lynton
Lots of people think Sony is looking to sell off its entertainment properties. But here’s an argument against that notion: The company has re-signed Michael Lynton as head of its movie studio and music business.
Lynton had run the movie studio for some time; last year, Sony bumped him up by adding music to his responsibilities. Sony won’t disclose the length of Lynton’s contract, but a statement from Sony CEO Kazuo Hirai indicates that it’s a multiyear term.
Hirai’s press release quote also telegraphs that Sony isn’t in any hurry to dump the businesses Lynton is running: “I look forward to working closely with Michael in ensuring that music and pictures remain integral parts of our global strategy.”
Lynton’s appearance at our D: Dive Into Media conference in February was one of my personal favorites; we had a wide-ranging conversation about everything from home video to Netflix to Facebook. You can see the whole thing here, or watch a highlight reel below: