Just days after media mogul Sumner M. Redstone cut ties with Tom Cruise for his off-screen conduct, the star has a new backer: Washington Redskins owner Daniel Snyder.
Snyder, partnering with home builder Dwight C. Schar and Six Flags chief executive Mark Shapiro, cut a two-year deal with Cruise's production company to pay between $3 million and $10 million annually for development and overhead costs in exchange for the opportunity to finance film projects and to profit from any hit movies.
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