Cruise/Wagner Productions

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Cruise/Wagner Productions is a American independent film production company. The company was founded by actor Tom Cruise and former casting agent Paula Wagner.

Cruise/Wagner was formed to give Cruise more control over the projects that he acts in and retain more of the profits. The company has grossed more than $2.9 billion in box office proceeds since it was founded in September 1993.[1][2][3][4][5][6]

Cruise/Wagner had previously had an exclusive deal with Paramount Pictures, but in August of 2006 Sumner Redstone, chairman of Viacom (parent company of Paramount Pictures) terminated that relationship due to Cruise's comments in the media about psychiatry, anti-depressants and Brooke Shields' handling of postpartum depression, and for talking up Scientology.[2][3][4][5][6][7] The termination may have been more about money than anything else.[6][8][9]

Daniel Snyder, owner of Six Flags and the Washington Redskins, and two hedge funds immediately stepped in, and in less than a week, secured financial backing.[4][7][10][11]

In November 2006, Metro-Goldwyn-Mayer came to Cruise/Wagner with a deal that gave them a percentage of the ownership in United Artists in an effort to revive the floundering production company.[1][6][12]

[edit] Films

[edit] References

  1. ^ a b "MGM Partners With Tom Cruise and Paula Wagner to Form New United Artists" - PR Newswire - November 2, 2006
  2. ^ a b CNN: Paramount Pictures cuts ties with Tom Cruise - CNN-Money Magazine with Reuters (c/o CNNMoney.com) - August 23, 2006
  3. ^ a b Atkins, Jill. "Sumner Redstone Rebuke of Tom Cruise: Now What? - National Ledger - August 24, 2006
  4. ^ a b c Lieberman, David and Laura Petrecca. "Cruise seeks financial backing from hedge funds" - USA Today - August 24, 2006
  5. ^ a b Epstein, Edward Jay. The Financial Times: Paramount vs. Cruise: all down the killer cut - Financial Times - August 24, 2006
  6. ^ a b c d Clark, John. "The business of Cruise control" - New York Daily News - August 23, 2007
  7. ^ a b Gardner, Chris. "It's a war of the words" - Variety - August 22, 2006
  8. ^ Kimball, Trevor. "Paramount Gives Tom Cruise the Boot" - AnActorsJourney.com - August 23, 2006
  9. ^ Sperling, Nicole. "Biz eyeing economics of Cruise-Par breakup: DVD slowdown forcing restraint" - Hollywood Reporter - August 24, 2006
  10. ^ Olson, Parmy. "Redskins' Snyder Gambles On Tom Cruise" - Forbes Magazine - August 29, 2006
  11. ^ Fischer, Martha. "Cruise, Wagner Fight Back" - Cinematical - August 23, 2006
  12. ^ "Tom Cruise, Partner to Run Film Studio" - Associated Press - (c/o MSN Movies) - November 2, 2006

[edit] External links

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