Amy Pascal out as Sony Pictures cochair

FEBRUARY 6, 2015 (REFERRING TO THE NATIONAL NEWS AGENCY – LEBANON) Amy Pascal, an old-style studio chief who was undercut by new Hollywood economics and bruised by the airing of private emails in a devastating cyberattack, said on Thursday that she would resign her post as the top film executive at Sony Pictures Entertainment.

Ms. Pascal had been in contract renewal talks for months, well before hackers in December made available private correspondence in which she made denigrating remarks about President Obama’s presumed preference for black-themed movies.

She profusely apologized, and top studio executives stood behind her in the aftermath. But the pressures of the hacking crisis, coupled with structural changes at the studio, made alternatives to renewing her contract more attractive.

SOURCE: NATIONAL NEWS AGENCY- LEBANON