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Sony Pictures extends Lynton's contract to 2012

Sony Pictures Entertainment (SPE) has extended the contract of chairman and chief executive officer Michael Lynton to 2012.Lynton joined Sony Pictures in January 2004 and steered the studio to an industry record $1.7bn domestic gross and a record 13 number one debuts in 2006 alongside co-chairman Amy Pascal, whose contract was extended last year until 2011.SPE also enjoyed its best year ever in 2006 with more than $3.3bn in worldwide box office receipts.

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