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March 21, 2012 by · Leave a Comment 

Michael Lynton, co-chairman and CEO of Sony Pictures Entertainment since 2004, is expected to be named to a newly created position that will also oversee the company’s music and publishing, television production and cable operations, the New York Post reported today (Wednesday), citing unnamed sources. The move, said the newspaper, will be part of what it called a major shake-up of the company to be launched by Kazuo Hirai, when he takes over as Sony’s president and CEO on April 1. The plan is to put Lynton in charge of Sony’s entertainment businesses while Hirai himself focuses on its consumer-electronics unit, which has been hit hard by the strong yen and disasters such as the 2011 tsunami, floods in Thailand that played havoc with supply distribution, and riots in London that destroyed a DVD/Blu-ray Disc warehouse. Lynton’s elevation, said the Post, is expected to broaden the powers of Sony Pictures Co-Chairman Amy Pascal, who will presumably have the “Co” removed from her title. The Post report did not indicate whether she will assume the title of CEO of Sony Pictures Entertainment, which Lynton now holds independently.