Sony Pictures News: Tom Rothman Replaces Amy Pascal As The Studio Tries To Revive Key Franchises Such As ‘Spider-Man’ And 'Ghostbusters'

Congratulation is in order for Tom Rothman who Sony announced will take over Sony Pictures Entertainment to replace Amy Pascal.

On Tuesday Feb. 24, Sony Pictures Entertainment named Rothman the new Chairman of its motion picture group. Rothman, a former executive of Fox Filmed Entertainment and TriStar, will replace Amy Pascal, who recently stepped down citing a public relation fiasco arising, after from the exposure of her email account following the massive Sony hack.

According to NDTV, Rothman was pushed out as chairman of Fox Filmed Entertainment back in 2012 and has recently been working to breathe a new life into Sony's TriStar label. At TriStar, Rothman has been tied up lining films such as Robert Zemeckis-directed "The Walk," a look at World Trade Center tightrope walker, Philippe Petit and "Money Monster," starring Julia Roberts and George Clooney.

In the wake of Rothman being named to the top job in Sony's film universe, Pascal's scheduled May departure will be accelerated. Pascal will immediately begin to assist Rothman with his transition, according to Variety.

According to Washington Post, chairman and chief executive of Sony Pictures Entertainment, Michael Lynton, extended his contract and he will continue to oversee the Sony Picture's operations, alongside Sony's global entertainment businesses such as Sony/ATV Music Publishing, SPE and Sony Music Entertainment.

In a statement about Rothman, Lynton said, "Tom knows this business inside and out like few others do."

Rothman succeeds Amy Pascal who is without a doubt one of the most influential female executive in Hollywood. Pascal's embarrassing emails to producer Scott Rudin can be blamed for her rise from secretary to movie executive ending unexpectedly.

Although Pascal will remain at Sony Pictures, she will be producing movies in a new studio-funded venture.

In a statement, Rothman said he has worked closely with exceptionally talented teams at Sony Pictures Entertainment and he is excited to build a similar relationship in his new role. NDTV notes, Rothman, who once hosted his own movie show on cable tv, is without a doubt immersed in show business and its traditions. In addition, Rothman's reputation at Fox of a hard-knuckled insistence on keeping down costs is something that has not been Sony's strong point over the last few years.