Paramount cuts ties with Tom Cruise
Film distribution giant ends 14-year relationship with actor's production company because of Cruise's recent erratic behavior, says a report.
August 22 2006: 9:02 PM EDT
NEW YORK (CNNMoney.com) -- Paramount Pictures will end its longstanding relationship with Cruise/Wagner Productions, actor Tom Cruise's production company, citing his erratic behavior, according to a report published Tuesday.
Sumner Redstone, CEO of Paramount owner Viacom (Charts), said in an interview with The Wall Street Journal that Cruise's controversial behavior over the last year - including advocating for Scientology and denouncing the use of antidepressant drugs - was the cause for the move.
Continued - http://money.cnn.com/2006/08/22/news/newsmakers/cruise_paramount/index.htm?cnn=yes
Film distribution giant ends 14-year relationship with actor's production company because of Cruise's recent erratic behavior, says a report.
August 22 2006: 9:02 PM EDT
NEW YORK (CNNMoney.com) -- Paramount Pictures will end its longstanding relationship with Cruise/Wagner Productions, actor Tom Cruise's production company, citing his erratic behavior, according to a report published Tuesday.
Sumner Redstone, CEO of Paramount owner Viacom (Charts), said in an interview with The Wall Street Journal that Cruise's controversial behavior over the last year - including advocating for Scientology and denouncing the use of antidepressant drugs - was the cause for the move.
Continued - http://money.cnn.com/2006/08/22/news/newsmakers/cruise_paramount/index.htm?cnn=yes