20th Century Fox has reportedly decided on a veteran media executive as the company’s new co-chair. The Los Angeles Times’ Company Town reports that Stacey Snider is expected to get the position.
Snider is currently co-chair and chief executive of Steven Spielberg’s DreamWorks Studios. She will serve as 20th Century Fox’s second-in-command under Jim Gianopulos, the story notes.
“Snider’s move to a key position at Fox has been widely anticipated in Hollywood. Her start date has not been set because she is still under contract at DreamWorks until the end of the year, according to people familiar with the matter but who were not authorized to speak on record,” the article reports.
At DreamWorks, “Snider was said to have chafed under the financial restrictions placed on the company by Reliance, the Indian conglomerate that is DreamWorks’ main outside investor,” the story adds.