Studio blows 'overpaid' Cruise off the screen

TimesOnLine reports:

Tom Cruise has joined the ranks of the unemployed. The Hollywood studio that bankrolls his films is not backing any more Cruise movies until he agrees to a significant paycut.

The 44-year-old actor is eager to get back to work to put behind him disappointments such as Mission Impossible: III, but last week his 13-year deal with the Paramount studio was allowed to lapse. Executives say Cruise faces a “financial adjustment and reality check” before he can continue his illustrious career.

Cruise fans fears that, unless the hardworking actor learns some humility, an illustrious career which has matured from the cocky boy of Risky Business and Top Gun to more naunced performances in The Last Samurai and Collateral may burn out. “Right now,” said an insider close to the negotiations, “he is simply too expensive to employ.”

Cruise is not the only star to suffer as Hollywood bosses cut jobs and get tough with expensive talent. Jim Carrey, Mike Myers and Reese Witherspoon are all “on holiday” with no immediate film in prospect, while Brad Pitt recently took a pay cut to play Jesse James.

At some point it's not profitable to make a movie.