goddess_nemesis
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Tom Cruise Dumped by Paramount Pictures
LOS ANGELES (AP) - There apparently won't be a sequel for Tom Cruise and Paramount Pictures. The industry's biggest and most bankable star and Paramount are parting ways.
There are two versions of what appears to be a bitter ending. Paramount's Sumner Redstone told the Wall Street Journal that the relationship has ended because Cruise's "recent conduct has not been acceptable to Paramount." But Cruise-Wagner production's Paula Wagner tells The Associated Press that the actor's agents stopped negotiating with Paramount over a week ago and took a contract deal off the table.
Wagner says for some reason, Paramount "has chosen to negotiate in the press." Redstone said, calling Redstone's announcement "surprising." "It's not really the most businesslike approach," she said. "We've had virtually no dealings with Mr. Redstone."
Paramount referred all calls on the matter to Viacom. Viacom spokesman Carl Folta had no comment late Tuesday. "As much as we like him personally," Redstone is quoted as saying, "we thought it was wrong to renew his deal." He then cited Cruise's "recent conduct" as the reason.
In the past year or so, Cruise couch-hopped on Oprah Winfrey's talk show while proclaiming his love for Katie Holmes, criticized the use of antidepressants and claimed that postpartum depression doesn't exist. He also got into an angry exchange with Matt Lauer on the "Today" show while defending his opinions.
Cruise is the father of Holmes' baby Suri, who has not been seen in public since her birth. Holmes, a Toledo native, starred in the television series "Dawson's Creek," and has had roles in several movies.
Cruise/Wagner Productions has been based on the Paramount lot since 1992. "We viewed ourselves as partners with Paramount," Wagner said, adding that the collaboration has produced $2.5 billion worth of business.
With "War of the Worlds" and "Mission: Impossible 3," Cruise helped earn nearly $1 billion for Paramount this year alone, Wagner said. Cruise/Wagner Productions brought "M:I3" director J.J. Abrams to the studio, she said, which recently inked a five-year arrangement with Abrams.
She and Cruise had been considering independent financing for their company "for a long time," she said. "For us, this is a very new and exciting direction. We look forward to working with all the studios."
LOS ANGELES (AP) - There apparently won't be a sequel for Tom Cruise and Paramount Pictures. The industry's biggest and most bankable star and Paramount are parting ways.
There are two versions of what appears to be a bitter ending. Paramount's Sumner Redstone told the Wall Street Journal that the relationship has ended because Cruise's "recent conduct has not been acceptable to Paramount." But Cruise-Wagner production's Paula Wagner tells The Associated Press that the actor's agents stopped negotiating with Paramount over a week ago and took a contract deal off the table.
Wagner says for some reason, Paramount "has chosen to negotiate in the press." Redstone said, calling Redstone's announcement "surprising." "It's not really the most businesslike approach," she said. "We've had virtually no dealings with Mr. Redstone."
Paramount referred all calls on the matter to Viacom. Viacom spokesman Carl Folta had no comment late Tuesday. "As much as we like him personally," Redstone is quoted as saying, "we thought it was wrong to renew his deal." He then cited Cruise's "recent conduct" as the reason.
In the past year or so, Cruise couch-hopped on Oprah Winfrey's talk show while proclaiming his love for Katie Holmes, criticized the use of antidepressants and claimed that postpartum depression doesn't exist. He also got into an angry exchange with Matt Lauer on the "Today" show while defending his opinions.
Cruise is the father of Holmes' baby Suri, who has not been seen in public since her birth. Holmes, a Toledo native, starred in the television series "Dawson's Creek," and has had roles in several movies.
Cruise/Wagner Productions has been based on the Paramount lot since 1992. "We viewed ourselves as partners with Paramount," Wagner said, adding that the collaboration has produced $2.5 billion worth of business.
With "War of the Worlds" and "Mission: Impossible 3," Cruise helped earn nearly $1 billion for Paramount this year alone, Wagner said. Cruise/Wagner Productions brought "M:I3" director J.J. Abrams to the studio, she said, which recently inked a five-year arrangement with Abrams.
She and Cruise had been considering independent financing for their company "for a long time," she said. "For us, this is a very new and exciting direction. We look forward to working with all the studios."
