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At UA, Cruise is free from studio system


November 10, 2006 Standing to gain from the deal are MGM, which aspires to return to full studio status; Cruise, whose star has become slightly tarnished; Wagner, who ascends to executive status; and CAA, which represents both Cruise and Wagner. And, as a bonus, the film industry gets a much-needed new buyer. While MGM boasts a legendary brand name, it is still an independent distributor trying to climb into contention as an international studio by adding a global movie star to its stable.

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