For the past year Falco has had a first-look deal at United Artists, where she produced Robert Redford's Lions For Lambs. She will report to Universal's president of production Donna Langley.
In her new position, Falco will support Langley in overseeing the day-to-day development and production of Universal's slate. Her responsibilities include identifying new talent and projects for feature development, as well as closely working with writers, producers, directors and third-party entities throughout production.
'Tracy's experience as a film-maker and strong relationships with many of the industry's brightest talents will provide a tremendous asset to the studio,' Langley said. 'She is a dynamic producer whose taste, creativity and passion for film make her a valuable addition to our team.'
Prior to United Artists, Falco held the post of senior vice president of production at Andell Entertainment from 2003 to 2006, In this position, she was responsible for a 20-picture slate that included Universal's upcoming political thriller State of Play, starring Russell Crowe and Ben Affleck, and Lombardi, an NFL-approved biopic about the legendary Green Bay Packers coach that is in currently in development.
Before that she served as vice president of development and production at Ted Demme's Spanky Productions.
As a producer, Falco has a number of properties in development, including another collaboration with Robert Redford on a film about baseball pioneer Jackie Robinson, as well as an additional project with Matthew Michael Carnahan on an untitled film he will direct for Mandate Pictures.