A big media executive is stepping down at Sony to help Snapchat on its quest to redefine the camera — and television.
Michael Lynton, chief executive of Sony’s entertainment division, announced Friday he is leaving his role at Sony to focus on Snap Inc., the parent company of Snapchat where he is chairman on the board.
According to an internal email obtained by Mashable, Lynton decided that Snap needed more of his attention given its growth. Indeed, the news comes as CEO Evan Spiegel and other members of Snap’s executive teams are meeting with investors to discuss an upcoming initial public offering.
“This was not an easy decision for me, and one that I arrived at after long and careful consideration,” he wrote in the email
“As some of you are already aware, I have been involved with Snapchat since its early days. Given Snapchat’s growth – and my growing role and responsibilities in it – I recently determined that the time was right to make a change,” the email continued. Read more…
Powered by WPeMatico