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Tom Cruise getting upfront pay cut for 'Mission: Impossible 4'

6

August

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After picking over the corpse of relatively charred box office remains that was Tom Cruise's Knight & Day, it seems he's taking a pay cut for his next giant disappointment project, a fourth Mission: Impossible movie. The only way this could make any sense to us is if he does that flick for free.

New York magazine says Cruise will not get his usual gigantic upfront payment from Paramount, but instead will have a considerable sum lopped off his $20 million-or-so fee in exchange for "a nice back-end after cash break-even," a source said. That's because his latest movie, co-starring Cameron Diaz, has only brought in about $74 million in U.S. receipts and less than $190 million globally, a far cry from his heyday, like when he pulled in something like $90 million for the first M:I. And that movie wasn't even good! Talk about a performance incentive.

Meanwhile, M:I4 is getting as much as half of its rumored $135 million production budget from David Ellison, son of Oracle billionaire Larry Ellison. You'll remember him as the guy who bankrolled and starred in 2006's Flyboys -- or not, considering how poorly that one fared. Maybe Tom cut his own wages to keep Ellison off the playbill.

[Photo: Getty Images]

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[Last modified: Friday, August 6, 2010 3:40pm]

    

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