Paula Wagner, Chief Executive Officer of UA, has decided to leave her day-to-day responsibilities and return to her first love, which is producing films.
As such, MGM and UA confirmed today that Ms. Wagner will transition to the role of a producer under her own independent production shingle and be attached to UA’s “most exciting film properties.”
In November 2006, United Artists was reborn under a partnership formed between Tom Cruise, Ms. Wagner and MGM. Ms. Wagner will continue to be a part owner of UA and hold a significant stake in UA’s future success. Nothing will change in regard to Mr. Cruise’s involvement with UA and he continues to have a substantial ownership interest in the company.
Furthermore, Mr. Cruise and Ms. Wagner will continue to work on film projects together.