"What happened is that for a while we were getting this steady stream of production horror stories," said John Calley, chairman of Sony Pictures Entertainment.

"There is a pressure on all of us to grow our business," said Michael Lynton, chairman of Sony Pictures Entertainment.

Andrew Lack, the chairman and chief executive of Sony Music Entertainment, will serve as chief executive.

That may prove particularly challenging because John Calley, the 72-year-old chairman of Sony Pictures Entertainment, is set to retire next year.

Michael P. Schulhof, the chairman of Sony Music Entertainment, is going to considerable expense to play tennis.

"It's not as if we're following each other off a cliff," said John Calley, chairman of Sony Pictures Entertainment.

"It's like a gold rush right now," says Michael Lynton, chairman of Sony Pictures Entertainment.

Morris became the next chairman of Sony Music Entertainment on July 1, 2011.

John Calley, 73, the chairman and chief executive of Sony Pictures Entertainment, just doesn't want to talk about those rumors that he is on his way out.

"We live in fragile and, for the record industry, very difficult times," said Andrew Lack, chairman of Sony Music Entertainment.