HeartofTexas
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Well, we should have known Cruise would have a rebuttal...
http://www.variety.com/VR1117948838.html
Should we venture a guess that the "hedge funds" are from the church of Scientology?Cruise and his production partner, Paula Wagner, say they have raised a revolving fund of $100 million from two hedge funds and are striking out on their own.
Wagner denounced Sumner Redstone's comments about Cruise as "outrageous and disrespectful." Redstone told the Wall Street Journal on Tuesday that Paramount was ending its relationship with Cruise because "his recent conduct has not been acceptable."
In fact, Wagner said, CAA, Cruise's agent, has terminated discussions with Par earlier in the week. After making 14 films in 14 years, the studio had declined to renew the original Cruise deal and offered a sharply reduced pact.
Cruise has been a tabloid-regular over the past year due to his relationship with actress Katie Holmes and his increasingly outspoken nature about the Church of Scientology. Wagner defended Cruise/Wagner's longtime success for the studio, saying that in the last 10 years, the shingle's product has accounted for 15% of Paramount's theatrical revenue and for the past six years it has tallied 32%. Their credits include the "Mission: Impossible" franchise, "Vanilla Sky" and "War of the Worlds."
http://www.variety.com/VR1117948838.html