×
You will be redirected back to your article in seconds

Sony Marketing Chief Marc Weinstock Is Out

Marc Weinstock, prexy of worldwide marketing at Sony Pictures, has been ousted after the studio’s disappointing summer at the box office. Weinstock has been with Sony since 2000.

Sony’s string of flops started with “After Earth,” followed by “White House Down” and “Elysium.” The studio’s better-performing summer release, “The Smurfs 2,” still underperformed the original.

Michael Lynton and Amy Pascal came under intense scrutiny this past summer after Third Point chieftan Daniel Loeb, one of Sony’s largest shareholders, criticized studio management for a lack of accountability and profitability in the studio division. Loeb singled out several of those summer box office disappointments in his criticism of management.

Though the studio has yet to set a replacement, Sony’s digital marketing head Dwight Caines may be in line to succeed Weinstock at some point, according to sources close to the studio. Caines has been at Sony for 16 years. He was named president of worldwide digital marketing in 2008, a role in which he actually reported to Weinstock.

Last week, Sony axed its senior veep of media relations Steve Elzer.

The recent studio reshuffling has extended to Universal’s top ranks, as well. The Comcast-owned studio booted chairman Adam Fogelson and installing TV exec Jeff Shell to oversee movie operations. By comparison, Universal had an outstanding summer at the box office with such hits as “Despicable Me 2” and “Fast and Furious 6.”

More Biz

  • Former movie producer Harvey Weinstein (L)

    Harvey Weinstein Seeks to Call Expert on 'Recovered' Memories at Rape Trial

    Harvey Weinstein’s attorneys are seeking to call an expert on “recovered memories” at his trial on rape and sexual assault charges. The defense has filed a motion asking to call Deborah Davis, a psychologist and professor at the University of Nevada at Reno. Davis is a frequent defense witness. She co-authored an article in 2006 [...]

  • Tekashi 6ix9ine Docuseries Coming From Showtime

    Tekashi 6ix9ine Docuseries Coming From Showtime and Rolling Stone

    Showtime Documentary Films today announced a new limited docuseries profiling controversial rapper Tekashi 6ix9ine. Titled “SuperVillain” and inspired by the Rolling Stone feature written by Stephen Witt, the three-part series will trace how a New York City deli clerk named Daniel Hernandez became superstar rapper Tekashi 6ix9ine — who racked up 2.6 billion streams and [...]

  • Fader Label Logo

    Fader Label Signs Two New Acts, Boosts Staff

    The Fader Label, home to Clairo, Matt and Kim and others, announced two new signings today along with three new hires on its staff. Charlie Burg and Zachary Knowles have joined the label’s talent roster, while Carson Oberg has come aboard as general manager, Yasmine Panah as project manager and Josh Hymowitz as label coordinator. They [...]

  • CBS HEADQUARTERS

    CBS-Viacom Merger Details Revealed, Shares to Trade on Nasdaq

    Negotiations between CBS and Viacom went down to the wire on the day the long-gestating transaction was finally sealed on Aug. 13. CBS Corp. and Viacom revealed the timeline of the merger talks in a Securities and Exchange Commission filing on Thursday that runs more than 650 pages. Also Thursday, CBS and Viacom said the [...]

  • Nile Rodgers and Merck Mercuriadis

    Hipgnosis Songs Raises Another $295 Million

    Hot on the heels of its deal to acquire a catalog of 108 Timbaland copyrights, Hipgnosis Songs has raised another $295 million (£231 million) — putting its total to nearly $800 million to date. According to the announcement, a total of 231,000,000 C Shares have been placed by Nplus1 Singer Advisory LLP  and J.P. Morgan [...]

  • Los Angeles Times

    L.A. Times Reaches Agreement With Guild

    The L.A. Times has reached a tentative agreement with the union that represents the bulk of its non-management employees, the paper announced Wednesday. The agreement follows more than a year of negotiations. The 475 reporters, copy editors, photographers and other staff covered by the agreement must still vote for ratification. Assuming it is approved, it [...]

  • AMC TheatresShop signs, Los Angeles, America

    AMC Theatres Accused of Firing VP Who Complained of Gender Pay Gap

    A former vice president at AMC Theatres filed a federal lawsuit on Wednesday, accusing the company of firing her after she complained that she was paid far less than her male peers. Tonya Mangels, who was vice president of product marketing, said that in March 2018 her supervisor inadvertently sent her a spreadsheet that included [...]

More From Our Brands

Access exclusive content