Studio vet promoted in multi-year pact

20th Century Fox has firmed a new deal with Emma Watts that makes her sole president of production, in a multi-year pact that sources said covers the next three years.

The appointment by Fox Filmed Entertainment chairmen Tom Rothman and Jim Gianopulos keeps Fox as a bastion of stability at a time

when studios are rife with executive shakeups.

Watts is a highly-regarded 11-year Fox veteran who is currently overseeing some of the studio’s biggest movies.

They include the Shawn Levy-directed “Date Night” with Tina Fey and Steve Carell; the Dwayne Johnson-starrer “Tooth Fairy”; “Marmaduke,” with Owen Wilson voicing the mischievous Great Dane; “Wall Street 2: Money Never Sleeps,” the Oliver Stone-directed drama that stars Michael Douglas, Shia LaBeouf and Josh Brolin; “The A-Team,” starring Liam Neeson and Bradley Cooper; “Knight & Day,” the James Mangold-directed Tom Cruise-Cameron Diaz vehicle; and the Jack Black-starrer “Gulliver’s Travels.”

“Emma has been here a decade and distinguished herself at every level along the way,” Rothman and Gianopulos said in a statement. “It is always especially gratifying when we can turn to the strength of our bench to promote the next generation of star executives and in the process rewarding outstanding achievement. We are certain that Emma will lead us forward with the energy, creativity and determination to succeed that she has shown throughout her already exceptional career here.”

Watts joined Fox as creative exec in 1998, and rose to veep and later senior veepee. She started her career at Def Pictures, and then moved on to become director of development for Stone, who’s currently helming “Wall Street 2.”

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