Wyatt Departs Fox19 Dec, 2002 By: Thomas K. Arnold
Pat Wyatt has left the presidency of 20th Century Fox Home Entertainment to start her own production company.
Wyatt had held the post for five years, having replaced Jeff Yapp. She personally tapped for the position by then-Fox studio chief Bill Mechanic.
Fox officials had no comment, but industry sources say Wyatt will be replaced by Mike Dunn, the supplier's longtime EVP of domestic sales and marketing.
Dunn has been at Fox for 15 years. Prior to his appointment as EVP of sales and marketing, Dunn was SVP of Europe for Fox.
During her tenure, Fox has consistently had record-breaking revenues exceeding $1 billion a year. It was Wyatt who took Fox into the DVD arena, with such groundbreaking and successful releases as X-Men, Planet of the Apes, Moulin Rouge and Ice Age.
Observers note that under Wyatt's auspices, Fox also managed to take films with mid-range box office takes and elevate them to best-seller status. Earlier this year, the studio had five back-to-back No. 1 releases, including Kiss of the Dragon and Behind Enemy Lines.
“Pat's enormous contributions are integral to the fiscal and operational excellence of our North American home entertainment business,” stated Tom Rothman and Jim Gianopulos, chairmen of Fox Filmed Entertainment. “Her talents will be missed and we wish her the best with her production and financing endeavor.”
Wyatt will be formally unveiling her new company and plans in the very near future.
Wyatt joined Fox in 1995 as president of 20th Century Fox Licensing and Merchandising and quickly became known as one of the company's top managers. She was named one of the top 100 marketing executives in the country by Advertising Age and oversaw the successful and strategic rebuilding of Fox's licensing and merchandising business.