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...That's the gist of the war of words between Tom Cruise's production company and Paramount Pictures following news from the film studio's parent late Tuesday that it was severing ties with Cruise/Wagner Productions after 14 years...

Author: /time Magazine | Title: Who Loses in the Split — Paramount or Cruise? | 8/23/2006 | See Source »

...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...

Author: /time Magazine | Title: Who Loses in the Split — Paramount or Cruise? | 8/23/2006 | See Source »

...Officials from Paramount and Viacom declined requests to elaborate on Redstone's comments to the Journal, or to react to Wagner's version of events. However, when told about her contention that she and Cruise walked away before being cut loose, a source close to the studio responded dismissively, "Whatever...

Author: /time Magazine | Title: Who Loses in the Split — Paramount or Cruise? | 8/23/2006 | See Source »

Cusato designed her first small home after hurricane Katrina as "a dignified alternative to the FEMA trailer." Her models, which the government is considering for Katrina-ravaged areas, range from a 308-sq.-ft. studio to a 434-sq.-ft. two-bedroom version and feature full-size porches shaded by eaves. Already, Cusato says, she is in negotiations with a large retail chain to sell her houselets to the public as well...

Author: /time Magazine | Title: Shrinking Down the House | 8/14/2006 | See Source »

...mean downscale. "When you build smaller, you can put in a lot more quality than you can in a larger space," says Geoffrey Warner of Alchemy Architects in St. Paul, Minn. Warner's weeHouses, shaped something like shipping containers, start at $69,500 for a 364-sq.-ft. studio with bamboo flooring, built-in cabinetry and floor-to-ceiling sliding glass doors. Far less conventional is the Rotorhaus, created by German designer Luigi Colani. A single-model prototype, the Rotorhaus features a rotating central unit containing a bedroom, bathroom and kitchen. It allows the occupant to relax in the fixed...

Author: /time Magazine | Title: Shrinking Down the House | 8/14/2006 | See Source »

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