Tom Jacobson, president of worldwide production at 20th Century Fox, has renewed his contract with the studio for three more years.
The new deal comes one year before Jacobson’s pact with the studio was set to expire and on the heels of industry speculation that Jacobson would ankle to join former Fox chairman Joe Roth at Disney. Roth recruited Jacobson to Fox in 1989.
Studio sources said, however, that Jacobson never asked to be let out of his contract.
“We were in negotiations with Tom for quite a while,” said Fox filmed entertainment prexy Bill Mechanic. “It was not about us or Tom making a decision on whether he was going to stay. There was always the intention that he would.”
Jacobson has spent nearly 5 1/2 years at the studio, the last two as production prexy. He’s credited with many of the studio’s successful films, including “Home Alone,” “Home Alone 2” and “Mrs. Doubtfire.”
Filmmakers and studio execs say Jacobson’s success lies in his ability to attract A-list talent, producers and directors. His production unit has signed some of Fox’s most important and lucrative deals with filmmakers such as John Hughes, John Woo, Lynda Obst and John Davis.