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Cruise and Wagner Bounce Back

Published August 29, 2006 in Movie Industry
By Ryan Parsons | Image property of WireImage.
Tom Cruise Tom Cruise
It looks like Tom Cruise knows how to land on his feet. Not even a week after Cruise's break-up with Paramount he and Paula Wagner have already got another gig up and running.

Cruise/Wagner Team With First and Goal

According to Variety, Cruise/Wagner Prods. has partnered with First and Goal, an investment firm headed by Washington Redskins owner Daniel M. Snyder, homebuilding and mortgage banking company NVR chair Dwight Schar and Six Flags prexy-CEO Mark Shapiro
. All obviously big Far and Away fans.

The deal is sort of a test run that will cover both development and overhead costs for Cruise. At the end of two years each side will have the option to renew for long term.

The deal is said to be the first step in a three-step process for Cruise/Wagner in setting up an independently operated production company. Distribution and finance elements are the next two steps on the Cruise to-do list.

Wagner credited the "synergy" of her new partners' entrepreneurial skills in bringing them together. "It's really not about money or how much or when you get it back. It's about access to ideas and people. We get access to them and their business expertise and they get access to our business," she said. "There is a good exchange here."

Hopefully Tom Cruise has learned his lesson on 'acceptable behavior' and doesn't decide to blast any of his new partners with Scientologist comments.

Stay tuned for updates.

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Ryan Parsons
Sources: Image property of WireImage.

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