Sony Pictures Entertainment CEO Tony Vinciquerra will be stepping down from his role at the end of the year, marking the end of an era for the studio. Vinciquerra, who has held the position since 2017, oversaw a period of significant change and growth for Sony Pictures, navigating the industry’s shift to streaming and the global pandemic.

During his tenure, Vinciquerra spearheaded the launch of the successful streaming service, SonyLIV, and spearheaded the development of a robust slate of films and television shows, including the critically acclaimed “Spider-Man: No Way Home” and the hit television series “The Crown.”

Vinciquerra’s departure comes at a time of significant industry flux, with traditional studios grappling with the rise of streaming giants and the changing landscape of film distribution. His successor will face the challenge of maintaining Sony Pictures’ position as a major player in the entertainment industry while navigating the evolving digital landscape.

While the company has yet to announce a formal replacement for Vinciquerra, the search for a new leader is expected to be underway. In a statement, Sony Pictures Entertainment Chairman Kenichiro Yoshida expressed his gratitude to Vinciquerra for his leadership and contributions, stating that “he has left an indelible mark on our company.”

Vinciquerra’s departure marks the end of a long and distinguished career in the entertainment industry. His impact on Sony Pictures will be felt for years to come as the studio continues to evolve and adapt to the ever-changing landscape of media consumption.