Tom Cruise: Movie Magnate?

You may have heard a thing or two about Paramount Pictures head Sumner Redstone kicking Mr. Scientology to the curb not too long ago after his actions with his "religion" and Katie Holmes drew unpopular attention. This was around the time "Mission Impossible III" was in the midst of its PR blitzkrieg. Redstone was quoted in the Wall Street Journal saying "...we don't think that someone who effectuates creative suicide and costs the company revenue should be on the lot." and summarily ended the 14 year relationship Cruise had with the Viacom-owned studio. In a later interview with Vanity Fair, Redstone further fanned the flames when he explained that his decision to give Tom the axe "sent a message to the rest of the world that the time of the big star getting all this money is over. And it is! I would like to think that what I did, or what we did, has had a salutary effect on the rest of the industry."

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.

2 comments:

Anonymous said...

How in the world MGM could give a studio to that lunatic front-monkey for that dangerous cult is beyond me. Complete insanity.

The news media so rarely cuts to the core of issues, fearing the public won’t understand. Therefore much of the media still portrays the cult of Scientology’s disdain for psychiatry as legitimate principled opposition. But at the core, we find out that L. Ron Blubbard actually taught that Xenu accomplished his intergalactic treachery via a secret police force that is ever-reincarnating. And today they’re incarnated as the world’s psychiatrists. I absolutely kid you not!!

This is the insane convoluted world of L. Ron Hubbard and his #1 disciple, Tom Cruise the cult front-monkey.

And now he has a studio!!

http://www.youtube.com/watch?v=af-XfRvDTJI&search=scientology

The Judge said...

Perhaps Tom will get to see first hand how much fun it is to run a studio.

More likely, though is that he is just part of the team in name only and will greenlight and produce whatever projects he wants on his own, with a studio backing built in.

Its going to be interesting to see what comes out of UA in the next few years.

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