Paula Wagner departs United Artists as head of studio

In a move that ends her longtime business partnership with Tom Cruise, Paula Wagner is stepping down from her post as co-owner and CEO at United Artists.

Although she and Cruise were brought aboard to revive UA in November 2006, she encountered difficulties in jump-starting MGM's specialty label. Once she negotiates her exit, Wagner plans to return to producing films full time.

Moving forward, though, she won't be partnered with Cruise, whose career is looking as if it needs a makeover of its own.

(Washington Post)

Film Business, Hollywood

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