At Wednesday’s Tom Freston roast in Manhattan, Paramount Pictures honcho Brad Grey was quoted by Variety‘s Jill Goldsmith and Scott Kirsner about his studio’s shucking-of-Tom-Cruise move that happened two months ago.
Paramount “had considered two options when Cruise’s producing pact came up for renewal,” the story reads. “The first was to ‘reduce the capital we were putting in so dramatically that it wouldn’t have made sense for Tom to keep it,’ Grey said. Such a readjustment ‘would’ve changed the ceiling for all top talent deals.’ The second option was not to reach an agreement. When it became clear, in late August, that the two parties would choose door No. 2, [Viacom chief Sumner] Redstone spilled the beans.”