Industry News Tom Cruise announces plans to finance his films with hedge funds 08/24/2006 U.S. actor Tom Cruise, who was recently dropped by Paramount Pictures, plans to finance new ventures through hedge funds because they provide more "freedom." Read More RELATED NEWS Jimmy Fallon's 'The Tonight Show' dropping to only four nights a weekAshley Tisdale announces birth of her second childSelena Gomez is a billionaire TAGS: Tom Cruise Paula Wagner Sumner Redstone