Cruisenfreude - It's about time

Paramount Cuts Ties With Cruise Company

'It's Tom Cruise vs. Sumner Redstone in a case of I quit-you're fired at Hollywood's highest level. On one side is the chairman of Viacom, Inc., which owns Paramount Pictures. On the other is the industry's biggest and most bankable star, whose last seven films have each generated over $100 million.

Redstone said Tuesday that Paramount would sever its long and profitable relationship with Cruise/Wagner Productions, Cruise's company with producing partner Paula Wagner. Redstone told the Wall Street Journal that Cruise's 'recent conduct has not been acceptable to Paramount.'

'As much as we like him personally,' Redstone is quoted as saying, 'we thought it was wrong to renew his deal.' He then cited Cruise's "recent conduct" as the reason.

In the past year or so, Cruise couch-hopped on Oprah Winfrey's talk show while proclaiming his love for Katie Holmes, criticized the use of antidepressants and claimed that postpartum depression doesn't exist. He also got into an angry exchange with Matt Lauer on the 'Today' show while defending his opinions.'