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Searchlight ups DeMarco

He fills newly created post as Exec. VP

Formalizing his post and expanding his duties, Joseph DeMarco has been upped to the newly created post of executive vice president at Fox Searchlight Pictures, the specialized arm of Fox Filmed Entertainment.

The announcement was made Friday by Searchlight president Lindsay Law, who said that DeMarco, who moves up from senior VP of business affairs, “has proved invaluable in maximizing the individual and distinctive vision of our staff and utilizing the various Fox-related entities to increase our profitability.”

DeMarco becomes the second-highest-ranking executive at the Fox film division, a role he has been moving into since he joined Searchlight in 1994. He now will work more closely with Law in running Searchlight’s day-to-day operations as well as overseeing marketing and distribution.

DeMarco joined 20th Century Fox in 1990 as counsel from the law firm Gold, Marks, Ring & Pepper. He rose to veepee and senior veepee before he began overseeing Searchlight’s business affairs in 1994, when he began negotiating deals involving the development, production, distribution and acquisitions of feature films.

Most recently, DeMarco negotiated the acquisition of Slamdance fave “20 Dates,” written, directed and starring Myles Berkowitz.

Searchlight currently has in release James Toback’s “Two Girls and a Guy” and Stefan Schwartz’s “Shooting Fish.”