Former 20th Century Fox executive Emma Watts has been previously named the successor to Stacey Snider as the president of production at 20th Century Studios, while Disney took reigns of the legendary film studio. In January, Watts resigned her position at 20th Century and according to Deadline has found a new home at Paramount.
Emma has taken the role of president at Paramount Motion Pictures group starting on July 20th and will directly report to Paramount Pictures Chairman/CEO Jim Gianopulos.
Wyck Godfrey, the current president, will be returning to produce film and television.
This is exciting news for both Watts and Paramount, as she has an excellent eye for projects having produced films such as The Martian, Deadpool, Logan, Avatar and Ford v. Ferrari.
The next big project at Paramount will be Martin Scorsese’s $200 million-plus budgeted crime thriller Killers of The Flower Moon starring Leonardo DiCaprio and Robert De Niro, which will be co-financed by Apple.
Paramount has been in a rut for the last couple of years after losing the distribution on the Marvel Studios films to Disney. Along with having a tough time competing with other studios despite their success with franchises like Transformers and Mission: Impossible. Not to mention expensive action projects like Ghost In The Shell, Gemini Man, and Terminator: Dark Fate losing them a lot of money when they didn’t perform at the global box office as expected.
Hopefully, Emma Watts can attract directors and high-end projects to the studio that will get audiences excited.