Sony Pictures Entertainment Chairman and Chief Executive
Officer Michael Lynton has had his contract extended to 2012, it was announced
today by Howard Stringer, Chairman and Chief Executive Officer of Sony
Corporation.

Spider-Man 3
holds the crown for biggest domestic box office performance of 2007, and last
week the studio crossed the $1 billion domestic box office mark for the sixth
straight year, a feat accomplished by only one other studio in Hollywood.

“Michael Lynton’s financial acumen and firm grasp of content
in the digital era is exactly what’s needed to lead a studio in the 21st
century,” said Stringer. “Together he and Amy have become a forceful and
dynamic team, guiding the studio to even greater heights than I could have
hoped.  I am delighted that they will both continue on in their roles for
years to come.”