BEIJING, Aug. 29 (Xinhuanet)-- Fresh from public split with Paramount Pictures, Hollywood actor Tom Cruise's production company has signed a two-year deal with an investment fund run by Daniel Snyder -- the owner of the Washington Redskins American football team.
According to media reports tuesday, the deal between Cruise/Wagner Productions and First & Goal LLC covers overhead and development, which will allow Cruise and producing partner Paula Wagner to run their company and make deals to produce films, some conceivably starring Cruise.
Financial terms were not disclosed for the pact, which has an option to renew for a longer term.
Paula Wagner, The Mission: Impossible star's film partner, said the deal gives her and Cruise an entry into the new arenas as well as the freedom to continue making both low-budget and big-budget movies outside Hollywood's major studio system.
Last week, Paramount's parent company Viacom Inc. announced the end of its 14-year business relationship with Cruise, claiming the actor's recent behaviour had been unacceptable.
Sumner Redstone, chairman of Viacom told the Wall Street Journal that the actor's public behavior, including jumping up and down on Oprah Winfrey's couch, and his aggressive defense of Scientology, alienated moviegoers and cost Paramount money at the box office. Enditem
(Agencies)
