Paramount cuts ties with Cruise company
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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.
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InterActiveCorp plans to divide into two separate companies, disengaging its online travel operations from its other e-commerce and offline interests.
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Chairman Sumner Redstone was displeased that Viacom had not severed ties with Tom Cruise.
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IAC/InterActiveCorp, the Internet and television commerce company controlled by Barry Diller, will spin off its travel business, which owns Expedia.
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As part of its strategy to focus on travel and residential real estate, Cendant Corp. today said it plans to spin off its mortgage and fleet operations.
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SEATTLE Oct 28, 2004 - A ferry service that has been offering scenic cruises to Canada plus a flu shot ended the package deal Thursday.
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After more than a decade running Paramount Pictures as chairman of its motion picture group, Sherry Lansing announced Tuesday that she plans to step down when her contract expires at the end of next year.
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A cruise operator ferrying U.S. residents to Canada for flu shots said on Friday it has cut back on its popular service due to overwhelming demand and concerns about diminishing supplies north of the border.
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Actor Tom Cruise and the makers of his new movie are banned from filming at another site in Germany.
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The "piracy-proof" IPTV company will distribute Paramount movies and TV shows from MTV and Comedy Central.  By the Associated Press.
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Paramount Motion Picture Group said  on Tuesday it will create specialty labels for films produced  by its Viacom Inc. sister companies MTV and Nickelodeon in a  move to broaden the studio's appeal with young adult and family  audiences.
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Company also reaches pact with former directors Perkins and Keyworth, who stepped down amid the ongoing drama.
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The Financial Times claims that Paramount will use a "get-out clause" in its exclusivity agreement with HD DVD, but it remains a rumor.
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A west coast ferry service offering US residents a short cruise to Canada to obtain much needed flu shots has ceased the popular service.
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If rumours are to be believed, then Hollywood actor Tom Cruise and his producing partner Paula Wagner, are on the verge of a split.
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EMBATTLED cruise ship company P&amp;O will make major cuts to its ferry fleet, close all Western Channel routes except Portsmouth to Bilbao and sack around 1,200 staff, as part of an effort to cut costs in its ferry operations.
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James Packer's Publishing & Broadcasting had its credit rating cut a notch by Moody's Investors Service after selling its media assets to a venture owned with the buyout firm CVC Asia-Pacific.