×

Cruise team inks Par deal

Tom Cruise, one of Hollywood’s most bankable stars, and his producing partner , Paula Wagner, have entered into an exclusive multipicture deal with Paramount Pictures.

As part of the deal, which calls for Cruise and Wagner to develop projects for the studio, Cruise will star in two major films for the studio over the next three years. Cruise is starring in Par’s “The Firm,” which is scheduled to begin principal photography next week.

The Cruise-Wagner Co., formed last July by Cruise and Wagner, his agent at Creative Artists Agency for the last 11 years, will be based on the Paramount lot.

As expected, the deal was brokered by CAA, which not only represents Cruise, but Stanley Jaffe, Paramount Communications prexy.

Jaffe, who is acting as chairman of Paramount Pictures in the wake of last week’s resignation by Brandon Tartikoff, was not available for comment. Jaffe produced “Taps,” the military school drama in which Cruise made his feature film debut.

Not a vanity deal

John Goldwyn, president of Par’s Motion Picture Group/Production, said this is not just a case of another actor setting up shop at a studio. “This is not an actor’s vanity deal,” Goldwyn said.

“As an actor he is an important asset to have at a studio and having teamed with Paula with her extensive filmmaker relationships, I’m confident in very short order there are going to be some very formidable projects in the works.”

The deal couldn’t come at a better time for Paramount. Most industry observers believe the studio, with only one movie due for Christmas release, is going through rough times, especially in light of Tartikoff’s impending departure.

Adding a star of Cruise’s stature and an intended producer like Wagner, with her heavy industry contacts, can only help bolster the studio’s image.

Asked about staffing of the new company, Wagner said, “It’s a little early to tell, but we want to keep it efficient. We’re still assessing the situation.”

In addition to acting and producing films under the new deal, Wagner also said that Cruise is very interested in directing a project.

“It’s something that Tom is looking forward to doing,” she said, although she added, “There’s not a specific project yet.

“Paramount is hoping that Tom will become their Clint Eastwood,” said another source with Paramount ties, referring to Eastwood’s multifaceted career that began with acting.

“Their hope is that he will star in, direct and produce films for them and become a franchise like Clint has become.”

More Film

  • Florence Pugh, O. T. Fagbenle, Rachel

    'Black Widow': Scarlett Johansson and Florence Pugh Go Head-to-Head in First Footage

    Marvel’s “Black Widow” has only been in production for a month, but studio president Kevin Feige still delivered the goods for fans at San Diego Comic-Con on Saturday. Filmmakers brought an intense sizzle reel of on-location shots, kicked off by a dazzling and bone-crushing fight sequence between lead Scarlett Johansson and her on-screen sister Florence [...]

  • Natalie Portman Thor

    Natalie Portman Returns for 'Thor: Love and Thunder' as Female Thor

    Natalie Portman is coming back to the Marvel Cinematic Universe, but she’s no one’s love interest this time around. The Oscar winner will play a female god of thunder in the fourth film from the Chris Hemsworth series, titled “Thor: Love and Thunder.” Portman hit the stage at San Diego Comic-Con on Saturday to great [...]

  • Fantastic Four

    New 'Fantastic Four' Movie in Development at Marvel

    Marvel is going back to the Fantastic Four. Marvel Studios chief Kevin Feige announced that a new movie based on the superhero group is in the works at San Diego Comic-Con on Saturday. Further details, however, including a release date, were not revealed. It marks the first Fox property for Disney to mine since the [...]

  • Mahershala AliMarvel Studios panel, Comic-Con International,

    Mahershala Ali to Star in Marvel's 'Blade' Reboot

    Marvel is rebooting the “Blade” series, and has cast Mahershala Ali to star. Marvel Studios chief Kevin Feige announced the news at Comic-Con on Saturday as the panel’s big ending surprise. Ali also took the stage at the announcement to massive applause, donning the Blade baseball cap. Wesley Snipes previously played the half-vampire superhero in [...]

  • Doctor Strange

    'Doctor Strange' Sequel Billed as First MCU Horror Film at Comic-Con

    A sequel to “Doctor Strange” was announced as expected on Saturday at Marvel’s Comic-Con panel — what we didn’t see coming was the tone. Director Scott Derrickson said the film, titled “Doctor Strange in the Multiverse of Madness,” will mine the original comics and play up “the gothic, the horror.” Derrickson said it will lead [...]

  • Simu Liu Shang-Chi

    Marvel's 'Shang-Chi' Finds Its Lead

    Marvel has found its next superhero. The studio announced that Simu Liu has been tapped to star in “Shang-Chi and the Legend of the Ten Rings” during its Hall H presentation at Comic Con, joining cast member Awkwafina, who was also announced during the presentation. Additionally, Veteran actor Tony Leung has joined the film as [...]

  • Angelina Jolie The Kept

    Marvel Reveals Cast and Plot Details for 'The Eternals'

    “The Eternals” have arrived. The first film announced at Marvel’s San Diego Comic-Con presentation on Saturday, unarguably the hottest ticket of the weekend, confirmed months of speculation by unveiling its cast: Angelina Jolie, Salma Hayek, Richard Madden, Brian Tyree Henry, Kumail Nanjiani, Lauren Ridloff and Don Lee will star as 35,000 -year-old aliens. “This movie [...]

More From Our Brands

Access exclusive content