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May 11, 2017

SONY CORPORATION NAMES ANTHONY VINCIQUERRA
CHAIRMAN AND CHIEF EXECUTIVE OFFICER, SONY PICTURES ENTERTAINMENT

[Culver City, CA - May 11, 2017]
Sony Corporation today announced that Anthony Vinciquerra will become Chairman and Chief Executive Officer of Sony Pictures Entertainment (SPE), starting on June 1 and reporting to Sony Corporation President and CEO Kazuo Hirai. Vinciquerra will replace SPE Chairman and CEO Michael Lynton, who announced in January that he would step down this spring. Vinciquerra will oversee the studio's corporate groups and its lines of business: SPE's Motion Picture Group, Sony Pictures Television and SPE's Worldwide Media Networks division.

Vinciquerra comes to Sony Pictures with deep experience in the media, entertainment and tech spaces. He is currently Senior Advisor to Texas Pacific Group in the Technology, Media and Telecom sectors, where he has focused on TPG's Capital, Growth and Opportunity investing arenas, as well as digital and emerging technologies and their impact on the distribution and consumption of film and TV content. Prior to TPG, Vinciquerra spent almost 10 years at Fox where he served as Chairman and CEO of Fox Networks Group, the largest operating unit of News Corporation. Before Fox, Vinciquerra was with Hearst Corporations broadcasting group and CBS's television group.

"Tony is a proven, results-oriented leader with extensive experience running and driving growth in large, complex media and entertainment businesses," said Hirai. "His operating skills, effectiveness working with creative teams and expertise in managing digital disruption and new technologies make him the perfect choice to lead SPE, and build on the studio's turnaround efforts to date. I want to thank Michael for his years of service and dedication to the success of our entertainment businesses, and for his commitment to our CEO search and this transition."

"I am thrilled to be joining SPE at such an exciting and dynamic time for the studio, and for the industry as a whole," said Vinciquerra. "Everything about how we produce, distribute and consume content is changing, and I see tremendous opportunities working with the enormously talented teams at SPE, Sony Corp and the other Sony companies. I want to thank Kaz for giving me this opportunity and I look forward to hitting the ground running."

"Tony's breadth of experience spanning media, tech and entertainment will enable him to expertly lead SPE and its multi-faceted lines of business," said Lynton. "After 13 extraordinary years, I know SPE, its strengths and its culture, and I am confident that Tony will make a terrific leader who will take the studio to new heights."

Prior to his time at TPG, Vinciquerra spent almost 10 years at Fox (2001-2011) where he served as Chairman and CEO of Fox Networks Group, the largest operating unit of News Corporation that includes the Fox Television Network, Fox Cable Networks, Fox Sports, Fox International Channels, the related on-line businesses of those units and Fox Networks Engineering & Operations. He managed all operations, both tactically and strategically, of those units. He also had oversight of the News Corporation ownership interests in professional baseball, basketball, hockey teams, large scale arenas and concert venues.

Vinciquerra joined Fox in December 2001 as President of Fox Television Network. He was named President and Chief Executive Officer of Fox Networks Group in June 2002 and Chairman in September, 2008. He retired from those positions in 2011.

Prior to that, Vinciquerra was Executive Vice President and Chief Operating Officer of Hearst-Argyle Television (1997-2001); Executive Vice President of CBS's television group (1995-1997); President and General Manager of KYW-TV in Philadelphia (1993-1995); and General Sales Manager and Vice President and Station Manager of WBZ-TV in Boston (1986-1993).

Vinciquerra holds a number of board seats including Board Director, Univision Communications, Inc.; Founding Board Director, STX Entertainment; Board Member Qualcomm; Board Member, Pandora Media; Board Advisor, True Car; Board Advisor, Tastemade; Board Advisor, IFLix. He has also held board positions at Direct TV and at Motorola.

He was also elected to the Broadcasting and Cable Hall of Fame 2009.
About Sony Pictures Entertainment
Sony Pictures Entertainment (SPE) is a subsidiary of Sony Entertainment Inc., a subsidiary of Tokyo-based Sony Corporation. SPE's global operations encompass motion picture production, acquisition and distribution; television production, acquisition and distribution; television networks; digital content creation and distribution; operation of studio facilities; and development of new entertainment products, services and technologies. For additional information, go to Sony Pictures. SPE includes the Sony Pictures Motion Picture Group, Sony Pictures Studios, and Sony Pictures Television.
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