Sony Entertainment CEO Michael Lynton is now Snapchat's chairman
15 January, 2017, 00:48 | Author: Abraham Jackson
Lynton will focus on his chairmanship of Snap, the parent of augmented reality and messaging app Snapchat, as it heads for a public offering, the Journal reported.
Sony Chief Executive Kazuo Hirai will take on a larger role at the entertainment division, adding the position of co-CEO and chairman of the unit, the company said.
Lynton will officially remain in his role until February 2 and will work with Sony CEO Kazuo Hirai to find a replacement, "in particular for the leadership of Sony Pictures Entertainment", Sony announced.
Hirai office will have his office in Culver City, California, to oversee operations.
Sony announced Friday that Sony Entertainment CEO Michael Lynton will step down. In April past year, he was appointed CEO of Sony Corporation in charge of Pictures and Music businesses. Following threats of violence, the studio to shelve its opening. The movie was eventually released by Sony online. Lynton said in his memo. According to a release from Sony, Lynton will step down this month to ensure a smooth transition for his successor.
However, the studio has seen its share of weak box-office returns and has undergone an executive shakeup in recent years. Sony has struggled to turn around its movie business, and now reaps most of its profit from television. Facebook brought in former Google exec Sheryl Sandberg as its chief operating officer; Google brought in Sun Microsystems exec and Novell CEO Eric Schmidt to be CEO; and Apple brought in Pepsi CEO John Sculley to run the company (if only for a few years).
"Sony as a company has been troubled during the last couple of years", Jeffrey Cole, director of the Center for the Digital Future at USC Annenberg School for Communication and Journalism, told the LA Times.
He remains the only photographer to have had sittings with 90-year-old Queen Elizabeth II, Britain's longest running monarch. He was named the Earl of Snowdon a year after the couple married and a month before their first child, David, was born.
Oye posted this with the video: "Not how I planned on starting the morning.stay safe out there kids!" Oye wrote on Facebook. At one stage it appears Mr Oye was submerged under snow as he slide, dodging pine trees and rocks.
Indeed, most of Hollywood was able to rest easy on Sunday night as Fallon took the stage to kickoff the 2017 Golden Globe Awards. The opening sequence was classy, amusing and just an all-around good time featuring some of our faves goofing off.
The Wall Street Journal reports today the Elon Musk-led company went from small profits to hemorrhaging $250 million past year . As per the contract between SpaceX and Iridium, a total of 66 new satellites will be launched and across seven launches.
DPS Director Frank Milstead says in a Twitter post the trooper was shot but that he apparently "will be OK after some recovery". In a news conference from the hospital where the trooper is being cared for, Milstead thanked the man who stopped to help.
When the gates are opened again, water would rush through 200ft draft tubes, rotating 16 23ft diameter, hydro turbines. The initial scheme would cost around 30p per household per year for the first 30 years, the review said.
The agreement between the bank and the merchant has a clause that does not allow the merchant to pass on the charge. Following the government's intervention, banks have chose to defer the decision to apply MDR tillJanuary 13.
Director of Athletics Mike Williams wants to have a replacement (no offense to interim head coach Jake Spavital ) pretty soon. After the 49ers abruptly fired coach Chip Kelly, he made it clear wouldn't rule out a return to college football.
Ilya Ilin from Kazakhstan, gold medalist in men's 94kg weightlifting , was stripped of gold (with no new victor yet announced). It's not unusual - in fact it's par for the course in the modern age - for Olympics medal standings to change post-Games.
Takata , which holds 20 per cent of the world's airbag market, has been plagued by recalls in the last three years. McQuade hesitated to compare the cases but said the Takata case involved documentary evidence of fraud.
President Akufo-Addo while addressing the gathering urged citizens to be active partakers in the running of the country. The election and transitions seals a rare peaceful transfer of power in a region plagued by political crises.
NYPD Detective Steven McDonald Honored, Laid to Rest
Jones's family to seek parole", according to the Times , saying "he was not knowledgeable or capable enough to intervene". Ironically, Jones was fatally hit by a auto , three days after he was released from prison in September 1995.
Dairy Queen Location Shut Down After Racist Rant
Crichton also told the officer he was "fed up with black people" and continued to freely use the slur in the conversation. The owner of a Dairy Queen in IL has lost his franchise agreement after comments he reportedly made to a customer.
Marissa Mayer to Leave Yahoo Board After Sale to Verizon
In a Securities and Exchange filing on Monday, Yahoo has said that the resignations are not because of any internal disagreement. While the first breach involved 500 million customer accounts, the second one was even larger at more than a billion.
Broker Outlook For The Week Ahead Ford Motor Company (NYSE:F)
The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website . The stock is now moving above its 20-Day Simple Moving Average of 3.48% with the 50-Day Simple Moving Average of 3.48 percent.
Apple iPhone turns 10, but is it just the beginning?
Meanwhile, Apple has grown to become the most valuable company on the planet, all thanks to the tremendous success of the iPhone . - On January 9, 2007, Apple founder and former CEO Steve Jobs unveiled the iPhone at the MacWorld Conference in San Francisco.