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UA finds money on Street


August 17, 2007 The fund will be used to finance films UA develops alone, projects co-produced or co-financed with other studios or partners as well as acquisitions of negative pickups or other distribution agreements. Formed as a partnership among Tom Cruise, Paula Wagner -- who serves as CEO -- and MGM in November, the new UA will have greenlight authority over the planned slate of four to six films a year. Robert Redford's political drama "Lions for Lambs," due in theaters Nov. 9, and Bryan Singer's Nazi hero biopic "Valkyrie" -- fall under the new financing.

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