Tom Cruise’s New Deal
After getting dumped by long time partner Paramount Pictures, actor Tom Cruise has signed a deal with First and Goal investors.
The investment group consists of Daniel M. Snyder, the owner of the Washington Redskins, Mark Shapiro of Six Flags and Dwight Schar of NVR. The investment group signed a two-year contract with Cruise, 44, and his partner Paula Wagner to provide funds for their production company Cruise/Wagner Productions.
“Dan Snyder and Mark Shapiro are proven winners and Paula and I look forward to many mutual successes,” said Cruise, reports Time.
The Los Angeles Times reports that Cruise’s new deal will be only $3 million, which is small compared to the $10 million Paramount Pictures was giving Cruise. But he should take whatever he can after being publicly dumped by Paramount Pictures.
Paramount Pictures ended their 14-year relationship, after they refused to renew Cruise’s contract. Sumner Redstone, 83, chairman of Paramount Pictures, wasn’t too pleased with Cruise’s behavior.
“It’s nothing to do with his acting ability, he’s a terrific actor. But we don’t think that someone who effectuates creative suicide and costs the company revenue should be on the lot,” said Redstone, reported People.
Even though Paramount Pictures didn’t want Cruise’s partnership, First and Goal investors did.
“Cruise’s company has an existing infrastructure in place, an appealing track record, and the most bankable movie star in the world as a partner,” said Shapiro.
Related Stories:
- Pay Cut for Tom Cruise
- Tom Cruise Quit, Wasn’t Fired, Says His Camp
- Tom Cruise Dumped by Paramount
- Tom Cruise Seeks New Director for Mission Impossible 3
- Alba And Cruise Team Up For Horror Film