Movie mogul Martin Scorsese has replaced Tom Cruise as the big man at Paramount after signing a four-year, first-look deal to develop projects with studio executives.
Just days after Scorsese scored his biggest cinema hit by taking new film The Departed past the $100m (€78.3m) mark at the US box office, Paramount boss Brad Grey announced he's thrilled to welcome Scorsese.
In a statement released yesterday, Scorsese says: "I have had a great personal relationship with Brad Grey for several years now and am looking forward to working with him at Paramount, a studio rich in cinematic history and responsible for making some of my favourite films."
Under the terms of the new deal, Scorsese will direct and produce a number of projects from movies to TV dramas.
Cruise was unceremoniously dumped from Paramount this summer by studio boss Sumner Redstone, who stated: "He was embarrassing the studio and he was costing us a lot of money."
Scorsese isn't the only big name tied to Paramount following Cruise's departure. Brad Pitt is the studio's movie star coup.