Paramount to Cruise: Thanks for bringing in JJ Abrams, now buh bye
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.