Sony Pictures Extends Tom Rothman's Contract as Movie Chief
He has served as chairman of Sony Pictures Entertainment's Motion Picture Group since 2015.
In a major vote of confidence, Sony Pictures has re-upped Tom Rothman, chairman of Sony Pictures Entertainment’s Motion Picture Group, with a new multiyear contract that extends into the next decade.
Rothman, 63, is credited for helping to right the ailing studio and, hence, SPE's bottom line. In fiscal year 2017, SPE saw profits soar to $376 million, compared to a stunning $719 million loss in 2016. The turnaround was fueled by such global box-office hits as Jumanji: Welcome to the Jungle ($962 million) and Spider-Man: Homecoming ($880 million).
Rothman, who previously had a long stint at 20th Century Fox Film, joined Sony Pictures in late 2013 as chairman of Tristar Productions. He succeeded Amy Pascal as SPE's film studio chief in February 2015.
The veteran studio executive oversees all of the motion picture operations worldwide, including Columbia Pictures, TriStar Pictures, Screen Gems, Sony Pictures Animation, Sony Pictures Classics and Sony Pictures Imageworks.
"The film studio has made great progress in its turnaround efforts due to Tom's ability to leverage not only his own skills and expertise, but the talents of an exceptionally strong team of executives in the Motion Picture Group," SPE chairman Tony Vinciquerra said Thursday in a statement.
Added Rothman: "I am very grateful to Yoshida-san [Sony Corporation CEO Kenichiro Yoshida] and Tony, and all my terrific colleagues around the world. We feel pretty great about how far we have come, but know there is still more to do, so I am pleased to continue the effort."
In a recent interview with The Hollywood Reporter for THR 100, Rothman elaborated further, saying, "It's no secret we had a turnaround job to do."
Other recent box-office successes include Peter Rabbit, Hotel Transylvania 3: Summer Vacation and Searching.
Looking ahead, Rothman and his team are betting big on the superhero pic Venom (due out Oct. 5), The Girl in the Spider's Web (Nov. 9) and the animated Spider-Man: Into the Spider-Verse (Dec. 14). His 2019 summer slate includes a Men in Black reboot, a Spider-Man sequel and Quentin Tarantino's Once Upon a Time in Hollywood.