MUMBAI: Media conglomerate News Corp has announced that Hutch Parker has been promoted as the president of its film studio Twentieth Century Fox (TCF).

With this, TCF will restructure to now bring all its moviemaking functions under Parker's umbrella, effectively centralising the position for the first time in decades. He will now oversee the physical production, post production, visual effects and music departments for TCF films. TCF's production, casting and story departments continue to report to him.

Fox has stated that its film division did well in 2004. The Day After Tomorrow, Dodgeball, Garfield, I Robot and Alien Vs. Predator grossed over $20 million each during their opening weekends. Three of these pictures also grossed over $200 million worldwide box office and the total receipts from TCF films exceeded $1 billion in worldwide box office in 2004.

Fox Filmed Entertainment chairmen Jim Gianopulos and Tom Rothman said, "This is a great day for Fox. Hutch is at the absolute top of his game, with an unrivaled success record, experience and expertise. With his new promotion and greater responsibilities, the company is assured of continuing the best, most stable, senior management in the film business."

Parker said, "I have been fortunate over the last 10 years to work with a fantastic group of filmmakers and executives at the most dynamic media company in the world. Tom and Jim have led the film company to unprecedented success. I'm proud of what we've achieved, deeply grateful to my superb staff, and happy to call Fox my home. I'm extremely excited for the opportunity to play a more significant role in the future of 20th Century Fox."

Fox's new releases include the actioner Elektra with Jennifer Garner.