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Japanese stocks increased after the early election
Tony Vinciquerra, the TV industry veteran who revived Sony Pictures Entertainment and established it as an “arms dealer” for streaming services, will step down as chairman and CEO of the group. group early next year.
Vinciquerra, 70, who joined Sony in 2017, sold much of Sony’s international cable TV assets as consumers “cut the cord” and signed up for streaming services.
He also decided not to launch a streaming service, instead choosing to license Sony-produced shows such as Crown And Better call Saul. This strategy helps Sony Pictures become profitable.
Ravi Ahuja, 53, a former Disney and Fox executive who heads Sony’s television studio, will replace Vinciquerra.