Editing Tom Cruise (section)

===Break with Paramount===
On August 22, 2006, [[Paramount Pictures]] announced it was ending its 14-year relationship with Cruise. In ''[[The Wall Street Journal]]'', chairman of [[Viacom (2005–present)|Viacom]] (Paramount's parent company) [[Sumner Redstone]] cited the economic damage to Cruise's value as an actor and producer from his controversial public behavior and views.<ref>{{cite news |url=https://money.cnn.com/2006/08/22/news/newsmakers/cruise_paramount/index.htm?cnn=yes |title=CNN: Paramount Pictures cuts ties with Tom Cruise |work=CNN|date=August 23, 2006 |access-date=August 8, 2009 |archive-date=December 29, 2020 |archive-url=https://web.archive.org/web/20201229041556/https://money.cnn.com/2006/08/22/news/newsmakers/cruise_paramount/index.htm?cnn=yes |url-status=live }}</ref><ref>{{cite web| url= http://www.nationalledger.com/artman/publish/article_27267912.shtml |archive-url= https://web.archive.org/web/20070930015319/http://www.nationalledger.com/artman/publish/article_27267912.shtml |url-status=dead |archive-date=September 30, 2007 |title=Sumner Redstone Rebuke of Tom Cruise: Now What? |publisher=National Ledger |access-date=August 8, 2009}}</ref> Cruise/Wagner Productions responded that Paramount's announcement was a face-saving move after the production company had successfully sought alternative financing from [[private equity]] firms.<ref>{{cite news |last=Lieberman |first=David |url=https://www.usatoday.com/money/media/2006-08-23-hedge-films-usat_x.htm |title=Cruise seeks financial backing from hedge funds |work=USA Today |date=August 24, 2006 |access-date=August 8, 2009 |archive-date=December 29, 2020 |archive-url=https://web.archive.org/web/20201229041532/https://usatoday30.usatoday.com/money/media/2006-08-23-hedge-films-usat_x.htm |url-status=live }}</ref> Industry analysts such as Edward Jay Epstein commented that the real reason for the split was most likely Paramount's discontent over Cruise/Wagner's exceptionally large share of DVD sales from the ''Mission: Impossible'' franchise.<ref>{{cite news|url=http://www.ft.com/cms/s/d817b680-33a0-11db-981f-0000779e2340.html|title=Paramount vs Cruise: all down to the killer cut|work=Financial Times|date=August 24, 2006|access-date=April 2, 2015|archive-date=July 25, 2008|archive-url=https://web.archive.org/web/20080725052653/http://www.ft.com/cms/s/d817b680-33a0-11db-981f-0000779e2340.html|url-status=live}}</ref><ref>{{cite news|first=Nicole |last=Sperling |url= https://www.hollywoodreporter.com/thr/article_display.jsp?vnu_content_id=1003052563 |title=Biz eyeing economics of Cruise-Par breakup: DVD slowdown forcing restraint |work=The Hollywood Reporter |date=August 24, 2006 |access-date=August 8, 2009 |url-status=dead |archive-url=https://web.archive.org/web/20090113093430/http://www.hollywoodreporter.com/thr/article_display.jsp?vnu_content_id=1003052563 |archive-date=January 13, 2009 }}</ref>