Tom Cruise and Paula Wagner Make United Artists Strikeproof

WGA continues chipping away at AMPTP's resolve.

by | January 7, 2008 | Comments

His big-screen alter egos have saved the world on numerous occasions, and now it seems as though Tom Cruise — and his partner Paula Wagner — may have helped bring an end to the writers’ strike.

No one is setting down their picket signs just yet, but Variety reports that Cruise and Wagner, who run United Artists, have followed in the footsteps of David Letterman‘s Worldwide Pants production company, brokering an interim deal with the Writers Guild of America. The terms of the deal, though not immediately available, will follow the precedent set by the Worldwide Pants agreement. From the article:

For UA toppers Tom Cruise and Paula Wagner, it’s a major declaration of independence from MGM and underlines that the duo — who have a 35% stake in UA — have the final say in operations. The deal affords the revived studio an opportunity to move forward on projects after initially stumbling out of the gate with “Lions for Lambs.”

Though MGM had no comment about the deal, sources said over the weekend that MGM topper Harry Sloan has opposed the UA interim deal and added that it was highly unlikely that MGM would break ranks from the congloms and sign its agreement before the strike ends.

The deal comes too late to save Oliver Stone‘s Pinkville, which ceased production after the strike started and has already lost star Bruce Willis to another project, and it won’t bring an end to the strike all by itself; United Artists, under the terms of its current financing arrangement, is only set to release “15-18 films over the next five years.” It does open the door, however, for the WGA to continue its “divide and conquer” strategy, proving the Guild’s terms are reasonable enough to function at the indie level — and making UA highly attractive to investors who may not want to wait for the strike to end before making their next film.

According to Variety, Lionsgate and The Weinstein Company “are viewed as the most likely to sign interim deals with the guild”; the Weinsteins have been vetting a WGA proposal for the last couple of weeks, and Lionsgate has a deal on the table as well. From the article:

Such a deal would not be surprising for the Weinsteins, who have been strong supporters of screenwriters. The brothers formed the indie operation two years ago after a dozen years of working for Disney.

For Lionsgate, a pact with the WGA could be more complicated than for UA or TWC since the company also has TV operations. Lionsgate’s been in an expansion mode, taking stakes in Mandate Pictures, and Roadside Attractions and setting a $400 million, 23-picture theatrical slate financing agreement.

Source: Variety

Tag Cloud

child's play Mindy Kaling Amazon Studios RT History Superheroes CMT Tarantino Video Games Funimation versus Rom-Com spy thriller Trophy Talk Lifetime Christmas movies El Rey Emmys Awards Tour psychological thriller Comics on TV Holiday The Arrangement concert discovery franchise crossover adventure name the review cats binge book free movies Writers Guild of America Pet Sematary Rocky award winner 20th Century Fox HBO Black History Month First Reviews Walt Disney Pictures DGA GoT nfl SundanceTV revenge ITV comedies Arrowverse Syfy police drama docudrama 71st Emmy Awards crime drama sag awards toy story game show Nominations TNT New York Comic Con Countdown 24 frames animated venice Dark Horse Comics Photos scary movies nature dogs Amazon Prime Video toronto batman Cartoon Network Creative Arts Emmys Hallmark Peacock latino Sundance TIFF Crunchyroll President cancelled TV shows directors RT21 series comics Rock period drama Winter TV BET Awards 007 hispanic classics First Look VOD universal monsters vampires Stephen King disaster BBC America talk show The CW Logo Song of Ice and Fire Sony Pictures Warner Bros. Netflix Christmas movies A&E die hard BBC hollywood TruTV Best and Worst DC streaming service See It Skip It reboot Lifetime TLC San Diego Comic-Con boxoffice Podcast 2019 fast and furious Nickelodeon Cannes what to watch football political drama cars Spring TV Masterpiece movie Classic Film robots Disney streaming service Sci-Fi diversity FX Endgame YouTube Premium Schedule jamie lee curtis rotten obituary Marvel The Witch X-Men cancelled television FXX Musicals Discovery Channel indie Ovation 4/20 Elton John Hallmark Christmas movies A24 cooking National Geographic Musical TV Land 72 Emmy Awards dragons sequel Ghostbusters LGBTQ Kids & Family best Polls and Games biography Lionsgate witnail Interview slashers PaleyFest cults travel Teen TCA Awards cinemax game of thrones Reality anime Grammys Spike remakes DirecTV Fox News MTV USA Network halloween Vudu cancelled TV series Character Guide Marvel Television Unbreakable Kimmy Schmidt unscripted green book Super Bowl Star Wars Fantasy Horror stoner Awards cancelled ABC Family singing competition Music ABC Universal satire criterion Superheroe GIFs canceled Box Office Mystery Epix Pixar Crackle USA Toys comiccon GLAAD spinoff sports Year in Review Amazon MSNBC ratings Summer stand-up comedy TCA 2017 Starz Spectrum Originals Disney+ Disney Plus YA Oscars casting Premiere Dates Marathons TCM 2020 theme song Set visit CW Seed cops zombie Trailer Pop TV Captain marvel SDCC canceled TV shows foreign anthology spain Anna Paquin doctor who mockumentary justice league a nightmare on elm street dc TV blaxploitation scorecard Heroines Comedy Central aliens zombies screen actors guild Food Network screenings elevated horror video OneApp FOX Drama Nat Geo Adult Swim Reality Competition WarnerMedia asian-american YouTube SXSW Trivia CBS strong female leads worst movies Pop Film Mudbound Infographic true crime DC Comics FX on Hulu Western Rocketman Cosplay Apple TV Plus Tomatazos 45 Britbox based on movie children's TV south america VICE Apple documentary IFC Films MCU comic natural history werewolf TCA cartoon The Purge Brie Larson documentaries teaser Turner Shudder dark OWN Disney Marvel Studios E3 Apple TV+ Television Academy critics miniseries NBC facebook dramedy reviews Country Amazon Prime NYCC Thanksgiving LGBT HBO Max Turner Classic Movies rotten movies we love Pirates Action richard e. Grant 2015 TCA Winter 2020 festivals Mary Poppins Returns ESPN Columbia Pictures transformers CBS All Access dceu Quiz Family laika politics Netflix films BAFTA tv talk sequels nbcuniversal DC Universe Chernobyl medical drama 2018 Christmas zero dark thirty blockbuster Mary Tyler Moore war AMC Shondaland PBS Paramount Network YouTube Red Watching Series romantic comedy serial killer Tubi ghosts BET composers golden globes crime Academy Awards TV renewals Election Fall TV christmas movies Comedy Ellie Kemper Showtime video on demand harry potter Red Carpet Comic Book HBO Go Winners Biopics Star Trek mission: impossible adaptation History twilight Disney Plus spanish language Binge Guide CNN science fiction Sundance TV spider-man PlayStation Women's History Month emmy awards Emmy Nominations TBS chucky Mary poppins IFC finale Black Mirror Extras BBC One quibi Certified Fresh Baby Yoda Bravo WGN renewed TV shows Hear Us Out Freeform crime thriller news supernatural parents Opinion Sneak Peek Film Festival thriller Avengers sitcom mutant Acorn TV kids festival Television Critics Association television movies romance American Society of Cinematographers technology Animation superhero Paramount indiana jones Esquire Martial Arts Sundance Now Hulu Tumblr worst Pride Month hist social media The Walking Dead historical drama Valentine's Day APB streaming E! VH1 Travel Channel Disney Channel Chilling Adventures of Sabrina Calendar space Lucasfilm stop motion 2016 Holidays joker psycho 2017 independent breaking bad 21st Century Fox all-time