PARAMOUNT CUTS TOM CRUISE'S PURSE STRINGS

The executives at Viacom -- the parent company of Paramount -- have cut their ties to Tom Cruise's production company, Cruise/Wagner Productions. Viacom cited Cruise's erratic behavior over the last year as the impetus for the split in "The Wall Street Journal." TMZ reports

"Sumner Redstone, chief honcho at Viacom, reportedly believed Cruise's antics -- including his now infamous appearances on 'Oprah' and 'Today' -- had a negative impact on the bottom line for "Mission Impossible III." Redstone said, 'As much as we like him personally, we thought it was wrong to renew his deal. Redstone told The Wall Street Journal: 'His recent conduct has not been acceptable to Paramount.'"

Cruise/Wagner produced several blockbusters for Paramount, including "Top Gun," "Mission Impossible" and "Days of Thunder." Unfortunately, even having generated nearly 15% of Paramount's total theatrical revenues over the past ten years doesn't quite cover the PR cost of employing a placenta-eating, closet-gay, couch-jumping glib-accusing Scientologist weirdo. That's the industry, man.


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