|
|
|
Tom Cruise and his producing partner Paula Wagner have inked a deal to take over MGM's dormant United Artists film label, Anne Thompson reports at the Hollywood Reporter's Risky Biz blog. Bert Fields brokered the deal, she says.
Wagner will serve as MGM's operating partner and CEO of the new UA. Cruise and Wagner will have "substantial ownership," the MGM press release says, as well as "control of setting the company's production slate, from development to production greenlighting ability, subject to certain perameters." (That probably means there's a budget cap.) Cruise will star in as well as produce some of these films.
No, they are not quite Mary Pickford, Douglas Fairbanks, D.W. Griffith and Charlie Chaplin, who founded the original United Artists.
* Mark Lacter analyzes: At LA Biz Observed.
© 2003-2009 • About LA Observed • Email the editor
| CBS and ABC have far bigger fish to fry - namely whether their stations can get back the auto and retail advertising that fell off a cliff in 2009.
| Recycling!
| And there's still time to take part!
| Searching for answers after a third loss this year.
| Jihad and cash offers meet American soldiers during the Gulf War, and beyond.
| After a tough year financially, the Museum of Contemporary Art put on a gala party to celebrate with 1,000 of its closest friends.
Sponsors
Blogads
Get RSS Feeds
of LA Observed
of LA Observed
LA Observed publishes several Real Simple Syndication feeds for easy scanning of headlines. If you wish to subscribe to a feed, most popular RSS readers will do it for you. You can also enter the web address from the XML button below or click on a specific feed. For more help with RSS, try here or here.
