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Sony Pictures co-chair quits to start her own company

Co-chair of Sony Pictures Entertainment (opens in new tab) (SPE), which had its private emails hacked during the #GOP assault against the Japanese entertainment company, has decided to quit that job and start her own company.

Amy Pascal has spent most of her professional life at Sony, but now wants to move on to start her own production company, which will launch in May 2015.

"I have spent almost my entire professional life at Sony Pictures and I am energised to be starting this new chapter based at the company I call home," said Ms Pascal in a statement.

"I have always wanted to be a producer. [Sony Entertainment CEO] Michael [Lynton] and I have been talking about this transition for quite some time, and I am grateful to him for giving me the opportunity to pursue my long-held dream and for providing unparalleled support.”

Lynton sent an email this morning to staffers announcing that Pascal is exiting, Hollywood Reporter writes (opens in new tab).

"I am happy to say that Amy's decision is not the end of her relationship with the studio but the start of a new and exciting chapter in her extraordinary career that promises to be mutually beneficial," he wrote.

As part of a new agreement, Sony will fund her production company for the next four years, and it will retain distribution rights.

During the hack attack on Sony, a lot of sensitive information leaked online, including an informal e-mail conversation between Pascal and producer Scott Rudin.

They discussed US president Obama’s viewing habits in a derogatory manner, which sparked public outrage.

Both Rudin and Pascal quickly apologised for their words.

Sead Fadilpašić is a freelance tech writer and journalist with more than 17 years experience writing technology-focussed news, blogs, whitepapers, reviews, and ebooks. And his work has featured in online media outlets from all over the world, including Al Jazeera Balkans (where he was a Multimedia Journalist), Crypto News, TechRadar Pro, and IT Pro Portal, where he has written news and features for over five years. Sead's experience also includes writing for inbound marketing, where he creates technology-based content for clients from London to Singapore. Sead is a HubSpot-certified content creator.