Search Results for brad grey

It seems that there may be a rocky road ahead for Brad Grey, the man who brought JJ Abrams into the Paramount family and agreed to hand him the keys to Star Trek. If you haven’t heard already, Viacom Chairman and part-time Cryptkeeper Sumner Redstone fired Grey’s boss, Viacom CEO Tom Freston yesterday. It was Freston who had brought Grey on board a year ago and the word on Wall Street is that the axe may continue to fall…possibly into Grey’s neck. This has not been a good year for Paramount Pictures and Viacom stock has been falling (it fell 5% yesterday alone). It appears the split up of Viacom hasn’t worked out the way Redstone had planned, and he is pinning the blame on Freston. And it appears he isn’t too happy with Grey, recently Redstone cut Grey’s negotiations with Tom Cruise off and kicked Cruise and producing partner Paula Wagner off the lot. Cruise and Waner were the ones who brought Abrams to Grey’s attention after hiring him for MI3. The question for TrekMovie.com is, what is the shake-up at Viacom and Paramount do to the Star Trek XI project. Sources inside Paramount tell us that technically the project is not officially ‘greenlit’ and does not yet have a budget. This is not unusual because the script is still being worked on, but so far work just falls under Abrams overall 5 year deal and not part of a full-blown Trek XI development project. The project is still at a stage where it wouldn’t cost the studio a lot to put it on hold or kill it outright.

Star Trek XI honcho JJ Abrams got the notice of Paramount after his deft work on Mission Impossible III. Although it made $400M a sequel seemed highly unlikely after Viacom chairman Sumner Redstone very publicly booted Tom Cruise off the Paramount lot last week. However, in an interview with Newsweek, Paramount chief Brad Grey offers an olive branch. “I still admire Tom Cruise, he is a huge movie star and a great actor and I’m sure we’ll work together in the future,” said Grey. Even stranger, the Cruise camp seems open to working with Paramount and even an ‘MI4’. Cruise’s producing partner Paula Wagner tells Newsweek “If it’s the right script why not?…we created that franchise”. If this ever happens one could assume that all parties would want Abrams back in the big chair, Cruise himself delayed MI3 for over a year to wait until Abrams was ready for his big debut. Let’s just hope that any MI4 project does not bump into Star Trek XI…that other little Paramount franchise Abrams is working on.

Last night it was revealed that Paramount Pictures has ended it’s long relationship with Tom Cruise and producer partner Paula Wagner. It has been reported that Paramount Chief Brad Grey and Cruise/Wagner were in negotiations for restructuring their deal (downwards), and most expected them to come to a deal. Now it appears that Viacom Chairman Sumner Redstone (pictured with Cruise: right) has stepped in and cut off all talks and sent Cruise packing. Paula Wagner isn’t going down without a fight and has fired back regarding how much cash Cruise has brought in to the Paramount family, stated they have been responsible for 15% of revenue since they were brought on board. She also cited bringing in JJ Abrams to the Paramount family. Abrams’ work with Cruise and Wagner on Mission Impossible 3 convinced Paramount they wanted him for the long term; recently signing him to a 5 year deal with Star Trek XI as his first film.

News of the JJ Abrams deal with Paramount and Warner TV hit the wires and the trades on Monday (2 days after your humble blogger brought you the news). For the most part the reports focus on how amazingly rich and powerful Mr. Abrams is about to become, but our favorite topic (Trek XI) is mentioned in almost every report…most like this tidbit in The Hollywood Reporter Abrams already is attached to direct and produce a revival of the "Star Trek" film franchise for Paramount, which is his first project under the new feature deal. but Variety (who were first with Trek XI news in April) has a bit more info on how Paramount views the Trek franchise and Abrams place in it:

Was Trek the clincher? It has been reported that Paramount’s Brad Grey has been actively pursuing Lost co-creator and MI3 Writer/Director JJ Abrams to sign on with Paramount after his deal with Disney ended this summer. Although Abrams had many suitors (Sony, Disney, Warner, etc) Grey had something the other studios didnt…Star Trek. Grey went so far as sheving another scifi project (Jon Favreau’s John Carter of Mars ) in the pipeline for 2008 to make room for a new Trek feature. Getting hold of this venerable (but now dormant) scifi franchise was a fanboy dream and something it appears that Abrams and his band of brothergeeks couldn’t resist. On Saturday the LA Times is reported (reg required) that Paramount had finally got their man for Trek XI and beyond.