Word: wagnerism
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...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...
...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...
...Wagner called the remarks about Cruise's behavior attributed to Redstone in the Journal "unprofessional, offensive and undignified" and "not good business." She complained that references to his off-screen actions created a misimpression that their deal with the studio covers Cruise as an actor as well as a producer, when it actually only involves him as producer. "As an actor, he has never had an exclusive deal with any studio," Wagner said...
...years he had a film in release." The publicist added that Cruise's last two films, War of the Worlds and Mission Impossible 3, have grossed $977.8 million worldwide. "As an actor, Tom is responsible for almost $3 billion in box office revenue for Paramount," said Wagner. "That's more money than any other actor has made for any single studio in history...
...association with Cruise isn't risk-free for Paramount. It's a testament to the ongoing strength of the Cruise/Wagner brand that their company attracted such a huge amount of private capital. Moreover, two of Hollywood's biggest producers are still fans of Cruise the actor. Wagner says JJ Abrams, who directed Mission Impossible 3 and just inked big production deals of his own with Warner Bros. and Paramount, still wants to work with...