Variety exclusively reported last week that Snider’s role at the company would be that of co-chairman and that she was poised to begin her new position.
In her new role, Snider will oversee all production and development activities for 20th Century Fox (TCF), Fox Animation/Blue Sky Studios, Fox International Productions and Fox Searchlight Pictures. She will report to studio chief Jim Gianopulos, with whom she will jointly oversee the studio’s global theatrical marketing and distribution.
Snider had been eyeing a top role at Fox for months but had to wait to wrap up her obligations as CEO and co-chairman of DreamWorks before taking the job. She previously ran two other studios, Universal Pictures and TriStar Pictures, before joining DreamWorks in 2006.
Elizabeth Gabler will continue to oversee productions under her Fox 2000 Pictures banner, and, along with the remaining functions of the studio, will continue to report to Gianopulos.
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“We are very fortunate to have such a proven and brilliant executive as Stacey joining us in this key role,” said Gianopulos in a statement. “Having known her for years both professionally and as a friend, I know she will fit in perfectly with our culture and the talented leaders in key positions throughout the company as we embark on continued success and further expansion of our global businesses.”
Snider joins Fox as the studio is on a box office hot streak. Hits such as “Dawn of the Planet of the Apes,” “The Fault in Our Stars” and “Gone Girl” have pushed the studio to record-breaking levels. Fox is first among the major studios in terms of market share with more than $4.8 billion in global box office receipts.
“Jim Gianopulos has assembled the finest group of executives and filmmakers in the business; and they’re producing impactful, culturally relevant films.” Snider said in a statement. “I’m excited and privileged to join them in their pursuit of excellence.”
At DreamWorks, Snider is being replaced by former Turner executive Michael Wright.