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[Culver City, CA - July 30, 2018] Sony Pictures Entertainment (SPE) today named Erik Moreno Executive Vice President, Corporate Development and M&A. Moreno joins the studio with extensive corporate development and M&A experience with major media and entertainment brands, including Time, Inc. and Fox Network Group. He will start August 8 and will report to Chairman and CEO Tony Vinciquerra and to CFO Philip Rowley.

Moreno will work in concert with SPE's senior executive team to develop growth strategies for the studio, identifying potential partnership or acquisition prospects and managing other business opportunities. At the same time, Lauren Glotzer, who has served as Executive Vice President, Corporate Development for the last six years but relocated to the east coast several months ago, will begin a new role as Executive Vice President, Television Strategy and Operations, reporting to Mike Hopkins, Chairman of Sony Pictures Television.

"I know Erik well, having worked directly with him at Fox, and am looking forward to welcoming him to SPE," said Vinciquerra. "Growing SPE remains a top priority for us, and the importance of having a strong M&A leader and team cannot be overstated. And Lauren's long tenure in strategy and development across entertainment and telecoms is the perfect fit for the Television team as they prepare to face the new challenges of this dynamic market."

"It's an honor to be joining Sony Pictures Entertainment at this incredible time in the industry," said Moreno. "I look forward to working with Tony again alongside the SPE leadership team as we explore opportunities to advance the business through acquisitions and other strategic initiatives."

A seasoned M&A executive, Moreno comes to SPE most recently from serving as EVP and President of Corporate Development, New Ventures and Investments at Time, Inc. There he was responsible for formulating and executing the strategy for leveraging the 90+ Time, Inc. brands into new digital businesses and adjacencies. Prior to Time Inc., Mr. Moreno served as Senior Vice President, Corporate Development, for Fox Networks Group, where he identified new business and strategic opportunities and worked on the company's acquisitions and joint ventures. Mr. Moreno also served as co-General Manager of Mobile Content Venture, and led 21st Century Fox's efforts ahead of the FCC's spectrum auction and other digital initiatives. Previously, Mr. Moreno was Director of Corporate Development for eBay Inc., and Vice President of Corporate Development and Strategy for Level 3 Communications, a global wholesale telecommunications company. Mr. Moreno began his career at Gleacher & Co., a boutique investment bank specializing in Mergers & Acquisition.

Moreno currently serves on the following Boards: He was elected to USA Funds' Board (predecessor to Strada Education Network) in 2011, and currently serves on Strada's Investment and Compensation Committees, focusing on higher education completion. He is also Board Overseer for the School of Social Policy and Practice at the University of Pennsylvania.

He is a graduate of the Wharton School of the University of Pennsylvania.

About Sony Pictures Entertainment
Sony Pictures Entertainment (SPE) is a subsidiary of Sony Entertainment Inc., which is a subsidiary of Tokyo-based Sony Corporation. SPE's global operations encompass motion picture production, acquisition, and distribution; television production, acquisition, and distribution; television networks; digital content creation and distribution; operation of studio facilities; and development of new entertainment products, services and technologies. SPE's Motion Picture Group production organizations include Columbia Pictures, Screen Gems, TriStar Pictures, Sony Pictures Animation, Stage 6 Films, AFFIRM Films, and Sony Pictures Classics. For additional information, visit http://www.sonypictures.com/corp/divisions.html.