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Company’s co-chairman quits after email hack

One of Hollywood’s most powerful executives is leaving company after hacking scandal that resulted in leak of her e-mails and is starting studio-backed venture.

Amy Pascal has resigned from her position as the co-chairman of Sony’s movie studio following the cyber-attack that revealed series of her private emails.

Sony Pictures Entertainment was attacked by hackers in November 2014 who demanded the cancellation of the planned release of a movie The Interview¸ a comedy about a plot North Korean leader Kim Jong-un.

The leaked data included personal information about Sony Pictures employees and their families, e-mails between employees, information about executive salaries at the company, copies of (previously) unreleased Sony films, and other information.

A series of e-mails between Amy Pascal and some other staffs of the production were leaked during the hack.

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Among the leaked mails were racially insensitive emails between Pascal and producer Scott Rudin joking that Obama’s favorite films are black-themed movies like Django Unchained and 12 Years a Slave.

In another email, Rudin called Angelina Jolie a “minimally talented spoiled brat” as the two discussed Cleopatra, a movie Jolie was keen to develop.

Pascal later issued an apology for remarks made in the leaked emails.

Sony in a statement revealed that Ms Pascal will start a production company that will launch in May 2015.

"I have spent almost my entire professional life at Sony Pictures and I am energized to be starting this new chapter based at the company I call home," said Ms Pascal in a statement.

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Sony will be backing Ms Pascal’s new company for four years and will retain distribution rights.

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