David Bishop, president of Sony Pictures' home entertainment division, is leaving the company in March when his contract expires, a Sony spokesman said on Wednesday.
A replacement has not been named for Bishop, who has led Sony Pictures Home Entertainment since 2006 during a turbulent time for the home video business as consumer habits changed.
"David played a tremendous role in building the home entertainment organization we have in place today: an innovative business that can compete aggressively in the evolving digital marketplace," said Michael Lynton, chairman and chief executive of Sony Pictures Entertainment.
This comes after a shakeup earlier this year in which Sony picked Dwight Caines as president of theatrical marketing for the company's Columbia TriStar Motion Pictures Group. Caines assumed some responsibilities of Marc Weinstock, who was fired from his post as the studio's head of domestic and international marketing. Longtime media relations executive Steve Elzer also left Sony this year.
The departures followed a poor box office showing from the film studio this summer. The Will Smith action movie "After Earth" made a disappointing $244 million in worldwide ticket sales, while the Channing Tatum film generated $205 million.
However, Sony has fared better with fall offerings such as the animated sequel "Cloudy With a Chance of Meatballs 2" and the Tom Hanks-starring "Captain Phillips." "American Hustle" is performing well in limited release and expands this weekend.
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