With layoffs looming at Sony Pictures Entertainment, Matt Brown is retiring from his post as executive VP of worldwide commercial at Sony Pictures Home Entertainment.
The retirement is effective as March 31.
“During his tenure at SPHE, Matt was a key member of the management team which helped to insure the division’s leadership position in the home entertainment industry,” the studio said. “SPHE wishes to express our gratitude for his contributions.”
Variety reported in December that David Bishop was leaving as president of Sony’s home entertainment division.
The company laid off three dozen employees in January and announced it was shuttering its Sony Pictures Technologies unit and absorbing those operations into Sony Pictures Entertainment.
All of Sony’s divisions are being scrutinized as the studio looks to cut $250 million. Bain & Co., which the studio hired in November, is in the midst of reviewing all of Sony Entertainment’s operations with additional layoffs expected over the next several months.
SPE chairman Michael Lynton has been overseeing the streamlining of the studio. Co-chairman Amy Pascal has announced that she was cutting her film slate from 23 to 18 films per year.