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Tom Cruise: Paramount Studios
built 199 days ago
Tom Cruise has appeared in over 30 films. The star faced controversy in 2006 due to his outspoken practice of Scientology and his marriage to the Dawson's Creek chick. Although his blockbuster, War of the Worlds, was a success at the box office, Cruise was dropped by Paramount due to his erratic behavior. Where will Cruise's career take him next? Perhaps up in a spaceship to meet L. Ron Hubbard.
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August 9th - Tom Cruise has joined the ranks of the unemployed. The Hollywood studio that bankrolls his films is not backing any more Cruise movies until he agrees to a significant paycut.LINK to UK Sunday Times
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By 2000, the profits from DVDs had begun to alter Hollywood's profit landscape, and since it was now too complicated to track all the expenses, Cruise revised the deal with Paramount. His cut of the gross was increased to 30 percent, and, for purposes of calculating his share of the DVDs, the royalty was doubled to 40 percent. So, he would get 12 percent of the total video/DVD receipts with no expenses deducted by Paramount (technically). If Mission: Impossible sold $320 million worth of DVDs and videos (which it did), Cruise's cut would be $38.4 million. In return for this amazing deal, Cruise agreed to pay the only other gross participant, the director John Woo, out of his share. As with Mission: Impossible, Cruise's company produced the film, and Cruise, who proved to be a relentlessly focused producer, brought Mission: Impossible II in on budget.
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Why would Cruise break with the ranks of the other studios? Well, though MGM does have a stake in UA, UA itself isn't a member of the AMPTP, the producers association. Some say it's because Cruise is a member of the Screen Actors Guild and he feels an affinity with the labor issues. Others would point out that UA's first movie, Lions for Lambs, was a huge disappointment despite its all-star cast--so UA could use to get back to work.
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After the dust had cleared, Cruise still had his huge percentage of the gross—it actually had improved since there were now no other gross participants—and MI3 will begin shooting next month on a budget that everyone believes is manageable. Paramount, despite its bluster, needs Tom Cruise, who stands—along with George Lucas, Steven Spielberg, and Jerry Bruckheimer—as one of the handful of producers who can reliably deliver a billion-dollar franchise—and, without one, Paramount's fortunes are dismal. So, while Cruise, for better or worse, emerges as one of the most powerful—and richest—forces in Hollywood, the media remain totally fixated on the fact that he's a Scientologist and the anachronistic notion that he is fabricating his love life, like Gene Kelly in Singin' in the Rain, just to get publicity for himself and to fool the press.
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United Artists Entertainment LLC was formed in November 2006 under a partnership between Tom Cruise, Paula Wagner and Metro-Goldwyn-Mayer Studios Inc. (MGM), with Wagner serving as CEO. The historic UA brand was initially founded some 85 years ago by movie greats Douglas Fairbanks, Charlie Chaplin, Mary Pickford, and D.W. Griffith and, throughout its history, has appeared on such iconic film franchises as ROCKY, PINK PANTHER and JAMES BOND.
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