November 03, 2006 05:53:09 GMT
Tom Cruise has signed on with Metro-Goldwyn-Mayer Studios Inc. to resurrect the United Artists movie studio.
Metro-Goldwyn-Mayer (MGM) Studios Inc. announced Thursday Nov 2nd that Tom Cruise and his longtime producing partner Paula Wagner have both signed on to work with the studio to revive United Artists movie studio.
Thus, Cruise will star in and produce films for the studio, with Wagner will serve as chief executive. Further, as a part of the deal the actor will also set the studio's production slate, working on development and green-lighting projects.
"Paula and I are very respectful of the rich history and tradition of United Artists, and we welcome the opportunity to contribute to that legacy by providing a wide range of releases that appeal to all audiences," Cruise said. "It's our desire to create an environment where filmmakers can thrive and see their visions realized."