Amy Pascal 'Stepping Down' at Sony: Too Little, Too Late

But she looks like such a nice lady!

Everyone saw this coming: Amy Pascal, co-chairman of Sony Pictures Entertainment, is stepping down to “launch a major new production venture at the studio.”

Translation: she got demoted. We’ve read enough well-spun corporate statements to know that this is the beginning of the end for Pascal, though she will still get production credits on the coming Ghostbusters reboot and future Amazing Spider-Man movies.

Way back in December (it feels so long ago), Pascal got the attention of the PR community after hacked emails revealed that she’d facilitated the firing of comms director Charles Sipkins for failing to score her a seat at the Hollywood Reporter roundtable.