Word: paulas
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...even before Redstone's comments, Cruise/Wagner was securing $100 million in hedge-fund money to finance films independently. "We decided that the best direction for us is to do something where we lead the way in terms of where the film industry is going," says Cruise's producing partner Paula Wagner. The private-equity model has suffered some high-profile failures, like this year's big-budget flop Poseidon, but new investors continue to rush to Tinseltown. In September, Flyboys, at $60 million one of the most financially ambitious and risky films funded entirely by private investors, lands in theaters...
...This week Paramount Pictures essentially invoked the sanity clause to end its 14-year deal with Tom Cruise and his Cruise-Wagner production company. (The star's partner, Paula Wagner, insisted that she and Tom had jumped out of their contract before they could be pushed.) "His recent conduct has not been acceptable to Paramount," harrumphed Sumner Redstone, chairman of Paramount's parent company Viacom, as if he were the provost of a starchy boys' school and Cruise a rambunctious pupil...
...interview with TIME.com Tuesday night, Paula Wagner, Cruise's partner, said that days before Paramount's move, the two producers had already decided to leave the studio, accept an offer of a $100 million-a-year revolving fund from a group of private investors and produce their future film projects independently. (Under terms of its "first-look" deal with Paramount that recently expired, Cruise/Wagner was paid an annual chunk of money to cover overhead and development costs - a sum estimated by sources at the studio to be around $10 million, although Wagner insists it was much less than that...
...known as the founder of BP Capital and Mesa Petroleum, admits horse slaughtering was not high on his agenda until his wife, Madeleine, who raises thoroughbred horses, got involved. "My wife is a great animal lover. I'm more passive. She's more aggressive," he says, with a laugh. Paula Bacon, the mayor of Kaufman, Texas - where one of the plants, Dallas Crown, is located - alerted them to the problem. "Paula Bacon told me the kill plant had $12 million in gross revenues and only pays $5 in taxes but it clogs the sewage system up." A court ordered...
...Charlie Stenholm, who was hired as a lobbyist by slaughter proponents. "Somebody is putting money into this for a lobbyist to be on it," says Pickens. He warned Barton that people were getting worked up over the issue. "I told him when you get women like my wife and Paula Bacon involved, you give ?em an ax and they'll do some chopping." So Barton called a hearing Tuesday before a House of Representatives Energy & Commerce subcommittee. (A commerce subcommittee since proponents contend that banning horse slaughtering for food sales violates commerce laws.) The House Majority leader, John Boehner...