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Sony Shocker: Tony Vinciquerra Stepping Down As CEO; Ravi Ahuja To Succeed Him
Sony Pictures Entertainment Chairman and CEO Tony Vinciquerra is stepping down from his CEO role, effective Jan. 2, 2025, with SPE’s current Chairman of Global Television Studios and President and COO, Ravi Ahuja, taking the reigns as President and CEO.
It’s a strategy that proved strong through Covid as rivals fell prey to the temptations of streaming, and even throughout the dual strikes to the point where Vinciquerra shaped Sony from being a previously buzzed about acquisition target pre-Covid to the big kid on the playground with the potential to wrangle a major studio such as Paramount Global. Sony craved Paramount’s IP of Star Trek, Mission: Impossible, and Transformers, however, being a Japanese owned conglom, not to mention a non-M&A friendly presidential Joe Biden administration, were serious hurdles in any marriage between the Culver City and Melrose Ave. lots. Divesting non-core businesses at Sony was also key during Vinciquerra’s run, i.e. selling its majority stake in the 2006 $65M price tag Crackle streaming service to Chicken Soup for the Soul, as well as unloading most of SPE’s international cable networks as that market began to wane.
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