By Jeff Sneider

LOS ANGELES (TheWrap.com) - Emma Watts, who serves as
president of production at 20th Century Fox, has signed a new
three-year contract with the studio, it was announced Thursday
by Jim Gianopulos, chairman and CEO of 20th Century Fox Film.

With Stacey Snider expected to leave DreamWorks for a senior
position at Fox, possibly as soon as November, there had been
rampant speculation by industry observers regarding Watts'
future role at the studio. Gianopulos made a strong statement to
the town with the contract extension, which gives Watts job
security.

"Emma is a proven and extremely talented production
executive who has consistently led her division to great
success, most recently through her stellar contributions to our
remarkable summer slate. We look forward to her continuing
contributions to our creative achievements in the years ahead,"
said Gianopulos.

Watts as served as president of production at 20th Century
Fox since Nov. 2009, having previously served as co-president