Amy Pascal extends long-term employment agreement with Sony Pictures

MUMBAI: Sony Corporation of America has extended Amy Pascal’s employment agreement with Sony Pictures Entertainment.
Pascal is co-chairman of Sony Pictures, and together with Sony Pictures chairman and CEO Michael Lynton, they are responsible for overseeing all lines of business for the studio, including motion pictures (Columbia Pictures, Screen Gems and TriStar Pictures), worldwide television production and distribution, home entertainment, and digital productions (Imageworks and Sony Pictures Animation).
So far this year, the studio’s slate of films has generated more than $2 billion in worldwide box office revenues. Since 2000, Sony Pictures has had 73 movies open to #1 at the domestic box office, more than any other studio.
Since becoming partners seven years ago, Lynton and Pascal are among the most seasoned, respected and accomplished management teams in the industry today, providing consistent and stable leadership to Sony Pictures and more than 6,000 employees worldwide. Pascal has been with the studio for more than two decades.
Among this year’s box office hits are The Karate Kid, which has taken in more than $359 million worldwide in box office receipts; Grown Ups, the most successful film starring Adam Sandler ever released, with more than $271 million generated globally; Salt, the action-thriller starring Angelina Jolie that has been a domestic and international hit, with more than $294 million in box office receipts to date; Eat Pray Love,starring Julia Roberts, which so far has generated more than $203 million worldwide; Will Ferrell and Mark Wahlberg’s The Other Guys, which has grossed over $169 million to date; Screen Gems’ Resident Evil: Afterlife, another global box office sensation, with more than $242 million in SPE-generated worldwide receipts; and The Social Network, the studio’s most recent critical and commercial hit has taken in nearly $185 million worldwide to date.
Last year, Sony Pictures enjoyed its best year ever at the worldwide box office with nearly $3.6 billion in theatrical ticket sales driven by hits as diverse as Angels & Demons, Michael Jackson’s This Is It, Sony Pictures Animation’sCloudy with a Chance of Meatballs, 2012, Zombieland, Julie & Julia, The Ugly Truth, District 9, and many others.
Sony Pictures Television (SPT) has been equally successful, developing, producing and distributing two dozen series for primetime, syndication, and cable television. Shows on the air currently include The Dr. Oz Show, Breaking Bad, Damages, Rescue Me, Rules of Engagement and Community.
“I have never enjoyed a job more than this one, thanks to my partnership with Amy. Her leadership, business skills and candid, no-nonsense approach to problem solving brings enormous strength to all of our lines of business, especially in this time of real challenge and change in our industry. I couldn’t imagine running Sony Pictures without Amy as my partner,” said Lynton.
“At Sony Pictures, two heads are smarter than one, more distinguished than one, and more dynamic than one. Amy Pascal and Michael Lynton are synonymous with success and style and under their leadership, the studio continues to be an immense source of pride for us all. While The Social Network is receiving such unanimous acclaim, it is only the latest in a long string of hits from the studio over the past several years. There is no doubt Amy is making Culver City the epicenter of creativity, and a home away from home for Hollywood’s finest,” said Sony Corporation chairman, CEO and president Sir Howard Stringer. 
“Michael and I care deeply about the content Sony Pictures creates and we share a unified and committed vision towards the kinds of movies and television programming we want to make. I am very lucky to have a boss in my corner like Howard. He has been a true champion of this studio and he put Michael and me together as partners, and for that alone, I will always be grateful. There could be no better collaborator, no savvier businessman and no greater friend as we lead Sony into the future. We are tremendously proud of what our employees all over the world have accomplished over the past several years. For the better part of this decade, we have enjoyed an outstanding level of success thanks to each member of our team who tirelessly supports the innovative storytellers and talent who bring our projects to screens and devices of every size. I know the best from Sony Pictures is still to come,” Pascal added.
The studio is currently poised to release James L. Brooks’ comedy How Do You Know, starring Reese Witherspoon, Owen Wilson, Paul Rudd, and Jack Nicholson; Just Go With It, starring Adam Sandler and Jennifer Aniston; Bad Teacher, starring Cameron Diaz, Jason Segel and Justin Timberlake; The Green Hornet, starring Seth Rogen and Jay Chou and directed by Michel Gondry, Battle: Los Angeles; The Smurfs, a live-action/animated family comedy from Sony Pictures Animation,The Zookeeper, starring Kevin James; and in 2012, the next installment in the Spider-Man  legend and a new chapter in the Men in Black franchise.
Pascal joined Columbia Pictures in 1988, leaving the studio in 1994 to help build Turner Pictures as president of production. During her first years at Columbia, she oversaw such memorable motion pictures as Groundhog Day,Little Women, Awakenings, and A League of Their Own. She rejoined Columbia Pictures in 1996 as president of the studio under John Calley.
Earlier in her career, Pascal was vice president of production at 20th Century Fox in 1986-1987. Before joining Fox, Pascal began her career as a secretary working for legendary BBC producer Tony Garnett at Kestral Films, an independent production company affiliated with Warner Bros.