Little did Sumner realize that he was creating a monster that will have Paramount squarely in its sights. Thanks to those millions he was paid throughout the years, Tom Cruise is buying himself his own studio. Or at least part of it.
Tom and his producing partner Paula Wagner have taken a "substantial minority financial stake" in United Artists, a studio that nearly 100 years ago was founded by the likes of Charlie Chaplain, Mary Pickford and Douglas Fairbanks as a studio run by and for artists.
Cruise and Wagner will set the company's production slate. They will have greenlight authority within an undisclosed range; though the principals declined comment, sources suggest that number is $50 million-$60 million. Wagner will serve as CEO, and Cruise will star in and produce films for UA, though he will remain available to do film projects for other studios.So with a production schedule of about 4 films a year, expect UA to have several films where the storyline revolves around murderous Psychiatrists and misunderstood cult leaders.
Or worse, does this mean there might be a sequel to Battlefield Earth?
Xenu help us all.