Former New Regency co-chairman Hutch Parker is closing a three-year, first-look deal with 20th Century Fox, extending his 18-year relationship with the studio.

Parker will bring over former Mandate Pictures exec Aaron Ensweiler and former Regency exec Dan Wilson at the vice-president level. Former Regency employees Tom Vance and Matt Schwartz will also join at the creative executive level, according to multiple sources with knowledge of the move.

Under the new arrangement, Parker and his creative team are said to be on the hunt for material-driven event films from new filmmakers.

Fox declined to comment on the deal, which is not yet finalized.

Parker joined Fox in 1995 as senior VP of production, eventually working his way up to vice chairman of the Fox Film Group before joining New Regency in 2008.

Parker and Regency co-chairman Bob Harper exited the company last year, the first in a string of exec shakeups at Arnon Milchan’s production shingle. Milchan, who wanted to take a more active role in the company he founded in 1991, installed former Paramount exec Brad Weston as CEO.

Parker recently worked on Fox and New Regency’s “In Time,” which has grossed more than $140 million worldwide. Exec has also been keeping busy in the television world, having set up “Beat the Reaper” at HBO while at Regency. “The Keepers,” a drama revolving around the lives of prison guards, is set up at FX, with Matt Cook penning the script.

Parker will remain a producer on “Reaper.” Leonardo DiCaprio’s Appian Way and Rick Yorn’s LBI Entertainment will produce along with New Regency.

Regency, in which Fox owns a 20% stake, recently renewed its distribution pact with Fox through 2022.