Paramount cuts ties with Tom Cruise
August 22 2006: 7:12 PM EDT

NEW YORK (CNNMoney.com) -- Paramount Pictures will end its longstanding relationship with Cruise/Wagner Productions, actor Tom Cruise's production company, citing his erratic behavior, according to a report published Tuesday.

Sumner Redstone, CEO of Paramount owner Viacom (Charts), said Cruise's controversial behavior over the last year - including advocating for Scientology and denouncing the use of antidepressant drugs - was the cause for the move, according to the Wall Street Journal.

The company is concerned that Cruise's behavior hurt his most recent film, "Mission: Impossible 3," said the report.

Cruise has worked with Paramount on hit films such as "Mission: Impossible," "Top Gun" and "Days of Thunder."

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