Many in the movie business thought that old Sumner Redstone was getting senile (think "King Lear") when he cut off negotiations with Cruise-Wagner Productions and thereby lost Paramount Pictures their biggest money making star, but for Tom Cruise and Paula Wagner it's turning out to have been the perfect decision. Not only did they immediately get production companies camping outside their door but now they are running a film studio!
Tom Cruise, Partner, to Run Film Studio
