Tom Cruise finds funding
By: Karl SchneiderDate: Tuesday, August 29, 2006
Source: Various
Paramount may not have wanted Tom Cruise, but it didn't take him long to find someone who did.
Cruise and his producing partner Paula Wagner said Monday that they are joining forces with Daniel Snyder, owner of the Washington Redskins; Dwight Schar, chairman of homebuilder NVR Inc.; and Mark Shapiro, president and CEO of Six Flags Inc., the amusement park chain where Snyder serves as chairman of the board.
Snyder, Schar and Shapiro have formed an investment partnership, First and Goal Llc., which will invest in Cruise/Wagner Prods., providing the actor-producer's production company with development and overhead funds under a two-year deal with the option to renew long term.
The deal gives Cruise and Wagner funds to make their own films, their own way. Still no word on what studio will distribute these films.
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