Tom Cruise is free from studio system
Take all the PR spin out of last week's announcement that Tom Cruise and his producing partner Paula Wagner are reviving the United Artists studio, and what's left?
Standing to gain from the deal are UA's MGM parent, which aspires to return to full studio status; Cruise, whose star has become slightly tarnished; Wagner, who ascends to executive status; and Creative Artists Agency, which represents both Cruise and Wagner. And, as a bonus, the film industry gets a much-needed new buyer. What's not to like?
But the bottom line: It remains to be seen whether Cruise and Wagner can produce a slate of commercial movies that MGM can release effectively...
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