Word: studio
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Less than three months after Tom Cruise suffered an ugly brushoff from his long-time studio home Paramount Pictures, the sidelined star has done what any self-respecting, really, really, really rich and famous guy would do - he got his own movie studio, and one with a storied Hollywood pedigree at that. Metro-Goldwyn-Mayer Inc. (MGM) has announced a deal with Cruise and his production partner, Paula Wagner, to relaunch the United Artists studio (UA), the company founded by Charlie Chaplin, Mary Pickford, Douglas Fairbanks and D.W. Griffith in 1919 and responsible for such iconic film franchises as James...
...eyes of many in Hollywood, Paramount-where Viacom Chairman Sumner Redstone publicly blamed Cruise's "inappropriate behavior" for the disappointing box office returns of Mission: Impossible III-is no longer such a place. Under Cruise/Wagner Productions' unusually generous Paramount deal, the studio paid out as much as $10 million a year in overhead and development. When Cruise began jumping on Oprah's furniture in rapture about fianc?e Katie Holmes and finger-wagging about psychiatry on the Today Show, "he was embarrassing the studio," Redstone says in December's Vanity Fair. Not to mention costing Paramount, the outspoken executive estimates...
...Cruise's first post-Paramount professional announcement was underwhelming for a star who had generated $3 billion at the box office in his 14 years at the studio. In August, Cruise/Wagner secured a two-year financing deal with First and Goal L.L.C., an investor group headed by Daniel Snyder, owner of the Washington Redskins and chairman of the Six Flags amusement parks. Since then, Cruise seemed more interested in cheering at his kids' soccer games and planning his wedding to Katie Holmes this month in Italy than acting or deal-making...
...helping to revive UA as an artist-led studio, Cruise will be the latest entrant in an old-school Hollywood tradition. Like Chaplin's original vision, Francis Ford Coppola's American Zoetrope and Steven Spielberg, David Geffen and Jeffrey Katzenberg's Dreamworks SKG (now owned by those baddies at Viacom), Cruise's UA will, apparently, attempt to nurture a creative environment for filmmakers. In an ever-more bottom-line-conscious era of movie-making, it sounds like an impossible mission. But then, we hear this guy has experience with that sort of thing...
...spouses, husbands, wives. But because Michael and I couldn?t marry, calling him my ?spouse? was a lie. So I always introduced him as my ?partner? and put my hand around his waist, to show we didn?t just run a pet store or a restaurant or a Hollywood studio together. I also showed pictures of our two beautiful cats (wait a second, do we sound like ?longtime companions...