Thursday, November 02, 2006

Tom Cruise and MGM to form new United Artists in L.A

Tom Cruise united with Metro-Goldwyn-Mayer Inc. to resurrect United Artists, the movie studio founded 87 years ago by Charlie Chaplin, Mary Pickford, Douglas Fairbanks and others, MGM said on Thursday.

The partnership, under which Cruise would star in and produce films for UA with his production partner, Paula Wagner, comes about two months after the bitter end of Cruise's 14-year production deal with Paramount Pictures. Wagner will serve as chief executive of the United Artists.

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