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Paula Wagner Steps Down From United Artists Studio

Authored by Jay Baage on August 14, 2008 - 11:40am.

Los Angeles - Paula Wagner is stepping down from her post as co-owner and CEO at United Artists, in effect leaving her long-term direct business relationship with Tom Cruise.

tags: Movies | Film | Tom Cruise | United Artists | Paula Wagner |

Viacom to Launch Pay-TV, VOD Channel JV with 5 Studios

Authored by Mark Hefflinger on April 21, 2008 - 7:31am.

New York - Media conglomerate Viacom (NYSE: VIA) announced on Monday that it has formed a joint venture to create a premium TV channel and video-on-demand service that will feature classic and new movies and TV shows from five studios. Scheduled to launch in the fall of 2009, the service will feature programming from Viacom's Paramount and Paramount Vantage, MGM, United Artists and Lionsgate (NYSE: LGF).

tags: Deals | Video | VOD | TV | Movies | Viacom | MGM | Paramount | Lionsgate | United Artists |

Buzz Watch: Tom Cruise’s Vindication is Heading Up United Artists

Authored by Jay Baage on November 2, 2006 - 10:30am.
After being disgracefully fired by Viacom and Paramount Pictures owner Sumner Redstone this summer, Tom Cruise and producing partner Paula Wagner return as new part-owners and studio heads at United Artists, a film studio that was formed by a group of Hollywood actors, including Charlie Chaplin and Mary Pickford.

The announcement was made earlier today by Harry E. Sloan, CEO of MGM, the company that used to control United Artists. He stated that Cruise and Wagner will have "substantial ownership" of the revitalized banner and have nearly complete control—budget permitting—over greenlighting and developing new productions, but did not specify financial terms. Cruise and Wagner had previously announced that they had secured financing from two unidentified hedge funds to back future projects.
tags: Deals | Video | Career | Moves | Movies | MGM | Buzz watch | Tom Cruise | Jay | United Artists | Henry Sloan |