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Mission Impossible 4 - Tom Cruise Takes Major Pay Cut

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If the movie does well he will plenty of money because he has a nice back-end deal, so this is not that big of a deal, but does show his star power is dwindling a bit and that Paramount is getting worried about high budget films.

Insiders tell Vulture that Paramount has lost so much confidence in Tom Cruise that it's radically restructured his financial compensation and secured much — some say as much as half — of Mission:Impossible 4's expected $135 million production budget from David Ellison, scion of Oracle Corporation billionaire, Larry Ellison.

Cruise, who earned north of $90 million for the first Mission: Impossible in 1996 from gross participation and producing fees, is said to have agreed to be paid "scale" (that is, Screen Actors Guild minimum payment) for his acting in the franchise's fourth installment, but will "get a nice back-end after cash break-even," according to one insider familiar with the situation. (In English, that means that Cruise will take almost no salary up front, and will only be paid a portion of the grosses only after the studio recoups its investment, said to be about $70 million.)

In short, the era of big stars saying, "Trust me, I'm famous! I got this!" seems mostly over: Despite his global recognition, Cruise's latest film, Knight and Day, has managed to gross only about $74 million domestically and hasn't yet cracked $190 million worldwide. As the box-office prowess of "first-dollar gross" megastars like Cruise wanes, they now must settle for being paid only after their products prove profitable. (Jim Carrey agreed to a similar deal, accepting nothing up front, to star in Yes Man, but still made off with an estimated $30 million-plus as a result.)

Source: Vulture


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