Hard Work Has Cruise's Studio Poised to Strike

Now, a big hit would complete resuscitation of United Artists
By Zach Samalin,  Newser Staff
Posted Oct 4, 2007 3:57 PM CDT
Hard Work Has Cruise's Studio Poised to Strike
US actor Tom Cruise visits the Cinema Expo International in...   (Getty Images)

Tom Cruise and longtime producing partner Paula Wagner, 15 months after being publicly bounced from Paramount, have a line of high-end films ready to roll as they attempt to rejuvenate the United Artists studio. A hit would solidify the pair's rebuilding effort, Business Week reports, and first up is Cruise vehicle "Lions for Lambs," a political flick.

Planning to make six films a year, Cruise and Wagner have so far proved themselves avid fund-raisers, securing 15 institutional investors and $500 million in financing through Merrill Lynch. "The concept is that this is an artist-driven studio," Wagner said. Though MGM will distribute all UA films, Cruise and Wagner intend to run it like a smaller, independent studio. (More Tom Cruise stories.)

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