Kevin Winter/Getty
People Staff
August 14, 2008 09:50 AM

Tom Cruise‘s high-powered production partner, Paula Wagner, is leaving her role as chief executive of United Artists, according to Variety.

Wagner will continue to co-own the studio with Cruise and “be attached to U.A.’s most exciting film properties,” U.A. and its parent company Metro-Goldwyn-Mayer Inc. added in a joint statement.

The two relaunched United Artists in 2006. But their first offering, Lions for Lambs, was considered a box-office disappointment.

Meanwhile, the studio announced that its latest release, Valkyrie – a controversial film in which Cruise plays a Nazi officer attempting to assassinate Adolf Hitler – has been pushed back again. It will now hit screens Dec. 26.
– Caris Davis

• In 2003, Tom Cruise opened up to PEOPLE about his struggle to read.

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