Sanford Panitch has left Regency to run Fox International Productions (FIP), a newly formed international production umbrella unit of Fox Filmed Entertainment that will produce, acquire and distribute local language films around the globe. Fox Filmed Entertainment chairmen/CEOs, Jim Gianopulos and Tom Rothman made the announcement today. Panitch was prez of filmed entertainment for New Regency (a partnership with News Corporation and Twentieth Century Fox) and now becomes prez of the Los Angeles-based FIP, reporting to Rothman and Gianopulos. The press release says FIP will oversee production activities already in progress in Japan, Germany, Russia and India, and will expand Fox’s local productions in these and other markets in the future. FIP will work closely with Fox’s other production divisions and partners and also will tap into its News Corp sister companies, including STAR, SKY and MySpace, among others. The endeavor also will coordinate efforts with Fox International, run by co-presidents Tomas Jegeus and Paul Hanneman. Fox International will handle all marketing and distribution for FIP. Panitch was at New Regency for the past seven years, moving from Twentieth Century Fox where he last served as executive vice president of production.