Phillips passed away after suffering a heart attack in Malibu, California, after recently wrapping up his work on the upcoming Superman reboot Man Of Steel.
Roth worked with Phillips on Quentin Tarantino's movie Inglourious Basterds, and took to his Twitter.com page to remember his colleague.
He tweeted, "Very sorry to hear Lloyd Phillips died. He was a producer on Basterds and a really nice guy. A great photographer too. He will be missed."
Phillips' credits also include The Tourist, Twelve Monkeys and The Legend of Zorro, and he won an Academy Award in 1981 as the producer of live-action short The Dollar Bottom.
According to trade publication Variety, he was in pre-production on mystery thriller The Great Wall, and had signed up to executive produce XXX: The Return of Xander Cage with Vin Diesel and Samuel L. Jackson.