Panitch joined Sony in 2016 and was named co-president of the motion picture group with Greenstein in October 2019. He has overseen the studio’s blockbuster franchises such as “Spider-Man,” “Jumanji” and “Venom,” as well as some recent duds like “Morbius,” “Madame Web” and “Kraven the Hunter.”

Peter Kang becomes Columbia's production president while Nicholas Weiss and Dave Fruchbom become Sony's global creative chiefs

The news comes as Josh Greenstein, the co-president of Sony Pictures Motion Picture Group, is heading to Paramount.

Sony has shared more details about its arcade-style controller for the PlayStation that was first teased during the State of Play event in early June. Originally codenamed Project Defiant, the fight stick is now called the FlexStrike and features a rechargeable battery,

Sony Interactive Entertainment has revealed the FlexStrike, a high-performance wireless fight stick controller built for PS5 and PC users.