You will be redirected back to your article in seconds

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

  • UGC Distribution Closes on Mariano Cohn’s

    Ventana Sur: UGC Distribution Closes Market Hit ‘4 x 4’ (EXCLUSIVE)

    BUENOS AIRES — UGC Distribution has beaten out all other suitors to clinch what had became by Friday morning the most anticipated deal of this year’s Ventana Sur market: All rights to France on Argentine Mariano Cohn’s “4 x 4,” sold by Latido Films and distributed throughout Argentina by Disney. After mounting speculation about which [...]

  • Aquaman 2018

    Film News Roundup: 'Aquaman' Hits $152 Million at International Box Office

    In today’s film news roundup, “Aquaman” has already grossed more than $150 million outside the U.S., Michael Masini joins “Birds of Prey,” and Freestyle buys the documentary “Shamanic Trekker.” BOX OFFICE Warner Bros.’ tentpole “Aquaman” has taken in $152 million overseas in 36 markets, with $135 million of that from China, where it opened on [...]

  • 'Winter's Night' Review: Enigmatic, Offbeat Korean

    Tallinn Film Review: 'Winter's Night'

    There are thousands of films about love’s beginning, and a great many about love’s end. But far fewer deal with a relationship’s late-middle: the spreading, sluggish delta of coupledom when decades of familiarity, if they have not bred contempt, at least threaten irritation. “Winter’s Night,” Jang Woo-jin’s playfully melancholic third feature, after the acclaimed “A [...]

  • Tomasz Kot UTA

    UTA Signs ‘Cold War’ Star Tomasz Kot (EXCLUSIVE)

    UTA has signed “Cold War” star Tomasz Kot. He has appeared in more than 30 films and 26 plays as well as dozens of television series. Most recently, Kot has received award-season buzz for his starring role as Wiktor in Pawel Pawlikowski’s feature “Cold War” for Amazon. The project has earned him a nomination for [...]

  • Kenneth Branagh's 'All Is True' Opening

    Kenneth Branagh's 'All Is True' Opening Palm Springs Film Festival

    The 30th annual Palm Springs International Film Festival will open on Jan. 3 with historical drama “All Is True,” starring Kenneth Branagh, Judi Dench, and Ian McKellen. Branagh, who will be in attendance at the opening night screening, directed from Ben Elton’s script about the little-known period in the final years of William Shakespeare. Branagh [...]

  • Actor and Activist Rodney Kageyama Dies

    Actor and Activist Rodney Kageyama Dies at 77

    Actor, activist and influentials member of the Japanese American community, Rodney Kageyama, died in his sleep Dec. 9. He was 77. The SAG member was known for roles in “Karate Kid IV” with Hillary Swank, Ron Howard’s film “Gung Ho” and the spinoff sitcom, and the TV movie “Hiroshima: Out of the Ashes” with Max [...]

  • Most Popular Films 2018: The Best

    9 Holiday Gift Ideas Inspired by This Year's Most Popular Films

    From superheroes to super nannies, 2018 was a year full of memorable characters — and memorable movies. Whether you’re a big film buff, an avid follower of a popular franchise, or have a couple movie fans in your life, here are nine gifts that capture the fun of some of this year’s biggest films. 1. [...]

More From Our Brands

Access exclusive content