By Leslie Simmons
Heading the new branch will be veteran studio executive
Sanford Panitch, who is moving over from his seven-year stint
as president of filmed entertainment at New Regency, which has
a partnership deal with Fox. Before that, Panitch was executive
vice president of production at Fox for five years.
In his 12 years with Fox and Regency, Panitch has been
responsible for overseeing production on some of the studio's
most successful titles, including "Mr. and Mrs. Smith," "The
Fugitive," "Seven" and "Titanic."
Although various divisions of News Corp. are in the
international film and TV market, the studio has never
organized its global projects under one roof until now.
Based in Los Angeles, FIP's initiative includes
complementing Fox's worldwide releases by partnering with local
producers and filmmakers in producing local-language films. The
studio is actively discussing equity financing with several
investment funds interested in the international productions.
"Our slate will include films targeted for the markets in
which they are made and some pictures for a broader
international audience," Panitch said.
FIP also will be involved in TV projects and partner with
other News Corp. companies, including Star, Sky and MySpace.
Reuters/Hollywood Reporter
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