Superstar Tom Cruise and executives from Metro-Goldwyn-Mayer Studios Inc are resurrecting United Artists, the movie studio founded more than 80 years ago by screen legends including Charlie Chaplin and Mary Pickford. MGM executives announced the new plans which will have Cruise starring in and producing films for the studio, today (02NOV06). Cruise's production partner Paula Wagner will serve as chief executive for the new studio. According to MGM, Cruise and Wagner will set the company's production slate from development to production green-lighting ability, subject to certain parameters. Paramount Pictures boss SUMNER REDSTONE sensationally axed the studio's deal with Cruise star earlier this year (06), blaming his famous couch-jumping appearance on Oprah Winfrey's TV show for embarrassing the studio and hampering the performance of sequel MISSION: IMPOSSIBLE III.