Sheinbergs death was announced in an Instagram post by the former executives son, Jon Sheinberg.
Sadly, my dad (Sid Sheinberg) died today, he wrote.
He was an amazing man and will be missed very much.

Credit: Chris Polk/FilmMagic
Steven Spielberg has also paid tribute to Sheinberg.
My heart is broken at this news, the director said in a statement.
For now let me just say that Sid had a big personality and a tender heart.
He was the tallest most stand up guy I ever knew.
He gave birth to my career and made Universal my home.
He gave me Jaws, I gave him E.T., and he gave me Schindlers List.
We were a team for 25 years and he was my dear friend for 50.
I have no concept about how to accept that Sid is gone.
For the rest of my life I will owe him more than I can express.