Layoffs hit Sony Pictures Entertainment as the studio announced on Tuesday it would be merging its theatrical, home entertainment, and television distribution marketing teams, while Andre Caraco is stepping down from his post as co-president of Global Marketing.Josh Greenstein, president of Sony Pictures Motion Picture Group, and Keith Le Goy, president of networks and distribution at Sony Pictures Television, announced the merger in an email to staff members.
“While I understand Andre’s decision that this is the right time personally for him to move on, the company and I myself will miss him hugely,” says Sony Pictures Motion Picture Group Chairman Tom Rothman in a statement to TheWrap.