Tom Cruise and Paula Wagner Take the Helm at Revived United Artists

Tom Cruise has reached an agreement with Metro-Goldwyn-Mayer to produce films under the United Artists label, roughly two months after parting ways with another major studio.

MGM announced that Cruise and his longtime producing partner Paula Wagner will lead a revival of United Artists, the storied studio originally co-founded by Charlie Chaplin, Douglas Fairbanks, and other cinema legends some 85 years ago.

Under the arrangement, the relaunched studio plans to release four films annually, with that number expected to grow over time. MGM will handle marketing and distribution, while Cruise and Wagner will oversee development, production, and project approvals.

Cruise said the goal is to create a setting where filmmakers can thrive and see their visions realized, adding that he and Wagner respect United Artists' rich history and hope to contribute to its legacy.

Historical summary. TurkishPress restated this wire report, first published in November 2006, in its own words.