Tom Cruise and Paula Wagner Make United Artists Strikeproof
WGA continues chipping away at AMPTP's resolve.
His big-screen alter egos have saved the world on numerous occasions, and now it seems as though Tom Cruise -- and his partner Paula Wagner -- may have helped bring an end to the writers' strike.
No one is setting down their picket signs just yet, but Variety reports that Cruise and Wagner, who run United Artists, have followed in the footsteps of David Letterman's Worldwide Pants production company, brokering an interim deal with the Writers Guild of America. The terms of the deal, though not immediately available, will follow the precedent set by the Worldwide Pants agreement. From the article:
For UA toppers Tom Cruise and Paula Wagner, it's a major declaration of independence from MGM and underlines that the duo -- who have a 35% stake in UA -- have the final say in operations. The deal affords the revived studio an opportunity to move forward on projects after initially stumbling out of the gate with "Lions for Lambs."
Though MGM had no comment about the deal, sources said over the weekend that MGM topper Harry Sloan has opposed the UA interim deal and added that it was highly unlikely that MGM would break ranks from the congloms and sign its agreement before the strike ends.
The deal comes too late to save Oliver Stone's Pinkville, which ceased production after the strike started and has already lost star Bruce Willis to another project, and it won't bring an end to the strike all by itself; United Artists, under the terms of its current financing arrangement, is only set to release "15-18 films over the next five years." It does open the door, however, for the WGA to continue its "divide and conquer" strategy, proving the Guild's terms are reasonable enough to function at the indie level -- and making UA highly attractive to investors who may not want to wait for the strike to end before making their next film.
According to Variety, Lionsgate and The Weinstein Company "are viewed as the most likely to sign interim deals with the guild"; the Weinsteins have been vetting a WGA proposal for the last couple of weeks, and Lionsgate has a deal on the table as well. From the article:
Such a deal would not be surprising for the Weinsteins, who have been strong supporters of screenwriters. The brothers formed the indie operation two years ago after a dozen years of working for Disney.
For Lionsgate, a pact with the WGA could be more complicated than for UA or TWC since the company also has TV operations. Lionsgate's been in an expansion mode, taking stakes in Mandate Pictures, Break.com and Roadside Attractions and setting a $400 million, 23-picture theatrical slate financing agreement.
Source: Variety
No one is setting down their picket signs just yet, but Variety reports that Cruise and Wagner, who run United Artists, have followed in the footsteps of David Letterman's Worldwide Pants production company, brokering an interim deal with the Writers Guild of America. The terms of the deal, though not immediately available, will follow the precedent set by the Worldwide Pants agreement. From the article:
For UA toppers Tom Cruise and Paula Wagner, it's a major declaration of independence from MGM and underlines that the duo -- who have a 35% stake in UA -- have the final say in operations. The deal affords the revived studio an opportunity to move forward on projects after initially stumbling out of the gate with "Lions for Lambs."
Though MGM had no comment about the deal, sources said over the weekend that MGM topper Harry Sloan has opposed the UA interim deal and added that it was highly unlikely that MGM would break ranks from the congloms and sign its agreement before the strike ends.
The deal comes too late to save Oliver Stone's Pinkville, which ceased production after the strike started and has already lost star Bruce Willis to another project, and it won't bring an end to the strike all by itself; United Artists, under the terms of its current financing arrangement, is only set to release "15-18 films over the next five years." It does open the door, however, for the WGA to continue its "divide and conquer" strategy, proving the Guild's terms are reasonable enough to function at the indie level -- and making UA highly attractive to investors who may not want to wait for the strike to end before making their next film.
According to Variety, Lionsgate and The Weinstein Company "are viewed as the most likely to sign interim deals with the guild"; the Weinsteins have been vetting a WGA proposal for the last couple of weeks, and Lionsgate has a deal on the table as well. From the article:
Such a deal would not be surprising for the Weinsteins, who have been strong supporters of screenwriters. The brothers formed the indie operation two years ago after a dozen years of working for Disney.
For Lionsgate, a pact with the WGA could be more complicated than for UA or TWC since the company also has TV operations. Lionsgate's been in an expansion mode, taking stakes in Mandate Pictures, Break.com and Roadside Attractions and setting a $400 million, 23-picture theatrical slate financing agreement.
Source: Variety
Related Items
| Movie: | Lions for Lambs |
| Celeb: | Tom Cruise |
| David Letterman | |
| Bruce Willis | |
| Oliver Stone | |
| Paula Wagner |
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unbreakable_samurai writes: on Jan 07 2008 08:13 AM That's a good move for UA, should really help their efforts in getting off the ground. Lionsgate and the the Weinsteins are always smart so I'm sure they will work something out. (Reply to this) |
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AnimaDictio writes: on Jan 07 2008 09:33 AM Yay for me!! More movies!! (Reply to this) |
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arendr writes: on Jan 07 2008 09:47 AM ALL HAIL XENU (Reply to this) |
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Hamboner writes: on Jan 07 2008 10:11 AM I get the feeling that from here on, Tom Cruise is going to probably be a better business man than an actor. Which is fine, I suppose, Hollywood needs both. (Reply to this) |
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dahluzz writes: on Jan 07 2008 10:27 AM Mission: Not-So-Impossible This is Tom's greatest achievement since 'Cocktail' (Reply to this) |
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sunsaz writes: on Jan 07 2008 10:53 AM Cruise may be a psycho, but he knows how to make the most of a bad situation. (Reply to this) |
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TheBerserker writes: on Jan 07 2008 11:10 AM In my eyes Tom Cruise is not a psycho but a smart businessman. It's become such a trend to write Mr. Cruise off as an idiot. Just shows how easily people's minds are corrupted. What happened to actually looking at the man's work??? (Reply to this) |
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Sir Surreal writes: on Jan 07 2008 11:17 AM It's all Cruise Control from here baby. That infectious smile could bring world peace. (Reply to this) |
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SamPitt writes: on Jan 07 2008 11:29 AM In reply to this comment (#1440633) "Just shows how easily people's minds are corrupted." I've become corruption-proof since I found Xenu. (Reply to this) |
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arendr writes: on Jan 07 2008 12:29 PM In reply to this comment (#1440633) Here's my rebuttal. How smart is it for a businessman to act like a lunatic and undermine his filmmaking ventures? I don't think he's an idiot...but his mind is clearly not all there. This was sort of a no-brainer business deal as far as I'm concerned. Cruise is in SAG too, so he understands the plight of the writers. If I had a production company I'd want the writers to be happy. It's hard to find talented writers. It's not like you can find good ones just by looking on Craigslist. (Reply to this) |
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sunsaz writes: on Jan 07 2008 09:17 PM In reply to this comment (#1440633) Very well. I'll say he's "eccentric" instead, but that's as nice as I'm going to be. (Reply to this) |
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croom writes: on Jan 07 2008 11:12 PM Strikers! PLEASE COME OUT OF THE CLOSET!!! (Reply to this) |
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vic40186 writes: on Jan 30 2008 07:16 PM MGM should do the same, this glorious company nowadays is a disgrace. They have absoulutely nothing to lose dealing with the WGA (Reply to this) |
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