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Old 08-22-2006, 07:50 PM   #1
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Paramount cuts ties with Tom Cruise

NEW YORK (Reuters) - Viacom Inc.'s Paramount Pictures unit is ending its 14-year relationship with Tom Cruise's film production company because of the actor's offscreen behavior, the company's chairman said in an interview with the Wall Street Journal.

Sumner Redstone, Viacom chairman, said the behavior of the star of the "Mission: Impossible" series and "Top Gun" was unacceptable to the company, according to the Wall Street Journal story e-mailed to reporters.

Cruise, one of Hollywood's biggest stars, has been known more recently for his antics on U.S. television talk shows, including jumping up and down on Oprah Winfrey's couch to declare his love for Katie Holmes and criticizing the use of antidepressant drugs.

"As much as we like him personally, we thought it was wrong to renew his deal," Redstone was quoted as saying in the Wall Street Journal. "His recent conduct has not been acceptable to Paramount."

Cruise's representatives and officials from Viacom and Paramount did not have any immediate comment on the report.

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Old 08-22-2006, 08:09 PM   #2
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sounds more like sour grapes from viacom/ paramount

"M:i:III," which is still in theaters, has taken in almost $390 million worldwide.

Cruise's "War of the Worlds" (also a Paramount film) made $591 million at the box office.

After being contacted by the Wall Street Journal, Cruise's representatives presented a different version of events. They said that Tom's production company had decided to set up an independent operation financed by two top hedge funds, which they declined to name. Paula Wagner, Mr. Cruise's partner in the company, said such an arrangement represented a new business model for top actors prominent enough to take advantage of the flood of money coming into Hollywood from Wall Street.

"This is a dream of Tom and mine," Wagner said. She challenged Redstone's assertion that Tom's behavior had cost the studio ticket sales, pointing out that the star's movies have made the studio a huge amount of money.

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Old 08-22-2006, 08:31 PM   #3
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Old 08-23-2006, 06:08 PM   #4
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I think Tom Cruise cut ties with Paramount, the film-going public, and reality a long time ago
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Old 08-23-2006, 09:18 PM   #5
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Who knows what the truth is. Tom Cruise wasn't "sacked" as many media outlets are reporting. Tom Cruise's production company had a contract with Paramount. That contract came to it's end and wasn't renewed, by which party specificaly, or by mutual agreement, seems to be where there debate is. Cruise was pulling great money and talent over to Paramount. You don't get Cruise in your film without getting his production company involved. And if you get his production company involved, the film goes to Paramount. This has even managed to trump other big deals, eg Cruise/Speilberg films end up getting released by Paramount, not DreamWorks (when DreamWorks was alligned with Universal, not Paramount as they are now) which otherwise never happens with Speilberg films. Cruise himself though gets an unusually large cut from his own films, both from the theatre ticket and from DVD sales. Some ridiculous % of every Cruise DVD sale goes straight to him. Perhaps some math has been done, and figuring Cruise on the slide and demanding the same or better terms as before simply isn't worth it, especially with Paramount just acquiring the DreamWorks crew.
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Old 08-23-2006, 11:32 PM   #6
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I can't name names or studios but my uncle works for one of the BIG studios and during some stories he was telling last weekend mentioned that Tom Cruise's plane is housed in the hangar next to another certain studio's plane hangar and I heard that nobody at the air strip like Cruise, they say he is a cocky FREAK, not to mention a tiny little man.
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Old 08-24-2006, 01:02 AM   #7
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It's all Xenu's doing (he's still alive you know, but he's broken out from the eternal force field that kept him captive.)

Beck is next in his sights. Then Jenna Elfman.
"If you needed my autograph, I'd give it to you." Bob Dylan
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Old 08-25-2006, 01:21 AM   #8
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I love that Viacom's shares went up by 21cents after they announced this.
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Old 08-25-2006, 09:13 AM   #9
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Hail Xenu
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Old 08-25-2006, 02:35 PM   #10
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I'm suprised Paramount didn't do this LAST YEAR!
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Old 08-25-2006, 02:46 PM   #11
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I think that "Reality" has also cut ties w/ Tom.
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Old 08-25-2006, 02:47 PM   #12
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Originally posted by Numb1075
I think that "Reality" has also cut ties w/ Tom.
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Old 08-25-2006, 03:30 PM   #13
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I give Katie another 6 months tops in the nuthouse before she cuts the ties too.
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Old 08-25-2006, 05:54 PM   #14
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It's end of Tom's world as we know it!!!
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Old 08-25-2006, 08:58 PM   #15
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