Scribes Cut Deal With Tom Cruise's UA

First major studio pact likely matches Letterman deal
By Dustin Lushing,  Newser Staff
Posted Jan 7, 2008 7:14 PM CST
Actor Tom Cruise arrives at the premiere of "I Am Legend" at Madison Square Garden, Tuesday, Dec. 11, 2007, in New York. (AP Photo/Peter Kramer)   (Associated Press)
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(Newser) – Striking scribes cut a deal with Tom Cruise's United Artists today, their first with a major studio since walking out in November, Variety reports. Terms were kept secret, but analysts say they likely match a deal struck with David Letterman's WorldWide Pants last week, including new media residuals. “United Artists has lived up to its name," WGA West president Patric Verrrone said.

UA topper Paula Wagner called the deal "in keeping with the philosophy" of UA founders to spark "artists and their creative visions." It also allows UA to go ahead with 15 to 18 projects already funded by $500 million from Merrill Lynch. UA parent company MGM, however, took no part in the deal and "respectfully disagrees with its decision to sign an interim agreement."