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Sony TV Axes Top Execs, Shutters Century-Old Costume Business
7 Apr
Summary
- Two high-level TV executives, including the Game Show Network President, are departing.
- Sony is closing its costume rental business, operating since 1924.
- Hundreds of employees are affected by these strategic restructuring efforts.
Sony Pictures Entertainment (SPE) is implementing significant layoffs, impacting senior television executives. John Zaccario, who served as President of Game Show Network (GSN) for 18 years, is set to depart later this summer. His exit follows a February reorganization where Suzanne Prete was elevated to President of Game Shows, consolidating GSN with the studio's game show production group.
Under Zaccario's tenure, GSN achieved considerable growth, becoming a top 10 cable network. However, the declining linear cable business in the streaming era likely contributed to GSN's integration into SPE's broader game show portfolio. Zaccario will remain to aid in the transition.
Furthermore, Colin Davis, EVP of Comedy Development at Sony Pictures Television Studios (SPTS), is also leaving the company. His departure raises questions about SPTS's continued commitment to comedy, especially after exiting the broadcast live-action comedy business.
In a move signifying a shift away from legacy operations, Sony Pictures is also winding down its costume rental business. This department, a leading rental house in the entertainment industry, has been in operation for over a century, dating back to 1924. This closure follows recent decisions to divest non-core assets, such as the VFX company Pixomondo.
