Tom Cruise Movie Tracks Terribly, Threatens MGM FInancing

03/28/2008 02:45 am ET | Updated May 25, 2011
  • PETER LAURIA NY Post

The initial negative reception to "Lions for Lambs" - the first movie to come out under Tom Cruise and Paula Wagner's resurrected United Artists label - could harm parent studio Metro-Goldwyn-Mayer's own attempts to raise money for film productions.

MGM had enlisted Goldman Sachs to raise between $500 million and $1 billion before the credit markets crashed this summer, and several sources confirmed that while the credit markets are still tight, the investment bank is again making the rounds for MGM.

But with "Lions for Lambs" - which also stars Robert Redford and Meryl Streep - so far tracking the worst among audiences for any Cruise movie to date, the Nov. 9 release of the film is bound to dampen enthusiasm for MGM's fund.

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