Online Slots Guide - CasinoMan

Tom Cruise lines up new funding deal


news
29 August 2006Printer Friendly VersionPost a CommentTell a Friend about this Article

Rushmore Casino
As reported by: Yahoo
Heralding the start of an unusual entrepreneurial relationship, Tom Cruise and his producing partner said Monday they have joined forces with a new investment partnership that will fund the duo's production endeavors for the next two years.

The announcement comes less than a week after Viacom Inc. and its Paramount Pictures unit publicly revealed they had ended negotiations to renew the studio's 14-year deal with Cruise/Wagner Prods., which Cruise runs with Paula Wagner.

In comments unprecedented for their bluntness, Viacom chairman Sumner Redstone said last Tuesday that Cruise had committed "creative suicide." Wagner quickly countered that C/W was not planning to renew anyway, and planned to seek other options, including a deal with hedge funds to provide about $100 million in financing.

Their new deal is 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 C/W, 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 was brokered by Cruise's agency, Creative Artists Agency.

Shapiro, who established ESPN Original Entertainment, ESPN's in-house film and production arm, will oversee First and Goal's initial investment with C/W.


Article By: Yahoo

Readers Comments


No comments have been submitted yet for this article.

Post a Comment


Name:
Email:
Comment:
CAPTCHA:
rc1rc2rc3rc4
Newsletter Updates - I would like to receive the latest news articles and exclusive bonuses from the CasinoMan Newsletter. (more info »)

Top Online Casino Choice

Aladdins Gold Casino
Aladdins Gold Casino


Welcome Offer 1 | 100% bonus up to $150, using coupon code: ALADDINS150
Rushmore Casino
Rushmore Casino


Slots Special Bonus | get 400% bonus up to $2000
Bodog Casino
Bodog Casino


REFER YOUR FRIENDS | Earn up to £30 / €30 / $30 cash for each friend you refer to Bodog Sportsbook, Casino and Poker Room
casinos

You might also like these other casinos:

Club USA Casino
online casino
100% First deposit bonus up to $100

Jackpot City Online Casino
online casino
100% First deposit bonus up to £50

Vegas Towers Online Casino
online casino
100% First deposit bonus up to $50

Keep up with the latest

Sign up to the CasinoMan Newsletter today and get top playing tips, latest bonus locations and the latest blog stories.

To help you along the way, register today and get a FREE special report The 7 Deadly Pitfalls of Choosing an Online Casino.

( Close )
Top Casino Bonuses
Casino Titan - Crazy Sunday - Each Sunday be on the lookout for their emails and take full advantage of the special surprises.

Desert Nights Casino - 1st Deposit Bonus - 1st Deposit Bonus - 100% up to $1000

Vegas Casino Online - Initial Deposit Bonus - 125% deposit bonus