Monday, November 06, 2006

Cruise buys studio

I was so glad to see the news about Tom Cruise.

This article states it all:

- Tom Cruise has bought his own movie studio.

The 'Mission Impossible' star and his producer partner Paula Wagner have teamed up with MGM to reform United Artists. The classic studio, which revolutionised Hollywood, was founded 85 years ago by Charlie Chaplin and other top stars of the time.

The 'Top Gun' actor will produce and star in the company's films, though he will be available for other projects.

MGM CEO Harry E. Sloan announced yesterday (02.11.06): "Cruise and Wagner will have substantial ownership of United Artists. Budget permitting they will have almost complete control over green-lighting and developing new productions."

Cruise said: "Paula and I are very respectful of the rich history and tradition of United Artists, and we welcome the opportunity to contribute to that legacy by providing a wide range of releases that appeal to all audiences. It's our desire to create an environment where filmmakers can thrive and see their visions realised."

It is great to see Tom Cruise doing so well.

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