United Artists Entertainment On November 2, 2006, MGM announced that Tom Cruise and his long-time production partner Paula Wagner were resurrecting UA. This announcement came after the duo were released from a fourteen-year production relationship at Viacom-owned Paramount Pictures. Cruise, Wagner and MGM Studios created United Artists Entertainment LLC and the producer/actor and his partner owned a 30 percent stake in the studio, with the approval by MGM's consortium of owners. The deal gave them control over production and development. Wagner was named CEO, and was allotted an annual slate of four films with varying budget ranges, while Cruise served as a producer for the revamped studio and the occasional star.
United Artists Entertainment On November 2 2006 MGM announced that Tom Cruise and his long-time production partner Paula Wagner were resurrecting UA This announcement came after the duo were released from a fourteen-year production relationship at Viacom-owned Paramount Pictures Cruise Wagner and MGM Studios created United Artists Entertainment LLC and the producer/actor and his partner owned a 30 percent stake in the studio with the approval by MGM's consortium of owners The deal gave them control over production and development Wagner was named CEO and was allotted an annual slate of four films with varying budget ranges while Cruise served as a producer for the revamped studio and the occasional star