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Mary Jo Mennella, senior VP-general manager of 20th Century Fox’s music department, is ankling her position to create a music asset management firm focusing on independent music publishing and multimedia licensing.

Working for 15 years at the Fox music department, Mennella rebuilt the studio’s publishing operation and managed the worldwide interests of Fox’s film and television catalog. She was responsible for the acquisition of the 20th Century Fox Fanfare, which had been sold to Warner Bros. in 1982.

During her tenure, the publishing group acquired hit songs by Celine Dion, Sarah McLachlan, Whitney Houston and Dido, film scores such as “Titanic” and “Moulin Rouge” and TV themes such as those of “The Simpsons,” “The X-Files” and “24.”

Mennella helped develop Fox Music’s mobile licensing strategy and oversaw the international management of the Fox catalog by third-party publishers. Catalog consists of more than 10,000 titles, including libraries for its sports and cable operations, and administration of the New Regency Prods. catalog.