Tom Cruise partner Paula Wagner stepping down from United Artists

Paula Wagner is stepping down from her chief executive officer post at United Artists so she can concentrate on producing films, the Hollywood studio said.

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UA and Metro-Goldwyn-Mayer Studios confirmed Wednesday that Wagner will move to the role of a producer under her own independent production shingle and be attached to UA's "most exciting film properties."

"In November 2006, United Artists was reborn under a partnership formed between Tom Cruise, Wagner and MGM," the studios said in a news release. "Wagner will continue to be a part owner of UA and hold a significant stake in UA's future success. Nothing will change in regard to Mr. Cruise's involvement with UA and he continues to have a substantial ownership interest in the company. Furthermore, Mr. Cruise and Ms. Wagner will continue to work on film projects together."