Tony Vinciquerra, the TV industry veteran who revived Sony Pictures Entertainment and established it as an “arms dealer” to streaming services, will step down as chair and chief executive of the group early next year.

Vinciquerra, 70, who joined Sony in 2017, sold off most of Sony’s international cable TV assets as consumers “cut the cord” and signed up for streaming services.

He also decided against launching a streaming service, opting instead to license Sony-produced shows such as The Crown and Better Call Saul. The strategy kept Sony Pictures profitable.

Ravi Ahuja, 53, a former Disney and Fox executive who heads Sony’s television studios, will replace Vinciquerra.