Mr. Lynton, who weathered various corporate crises at Sony Entertainment over his 13-year tenure, including a devastating cyberattack and a battle with activist investors, will step down on Feb. 2, the company said. In the meantime, Mr. Lynton, 57, will officially become chairman of the board at Snap Inc., which owns Snapchat. The leader, Walt Disney Studios, where Mr. Lynton worked in the 1990s, had 13 releases and $3 billion in domestic sales. Sony Music has also released hits by artists like Beyoncé and Meghan Trainor. In his statement, Mr. Hirai thanked Mr. Lynton for “his strong leadership and dedication to Sony throughout his long and illustrious career with the company.”

Source: New York Times January 13, 2017 22:55 UTC