Actor Tom Cruise has joined the management of Hollywood studio United Artists after agreeing a deal with its owner, MGM.
Cruise was named the world's most powerful celebrity earlier this year
The move will see Cruise produce at least four films a year as well as taking an unspecified stake in the company - known for nurturing talent.
It comes three months after he severed ties with Paramount Pictures after a 14-year working relationship.
Paramount said that Cruise's recent behaviour had been "unacceptable".
It is believed that Cruise's high-profile relationship with Katie Holmes and his views on subjects such as anti-depressants were behind the fallout with Paramount.
Cruise's business partner at Paramount, Paula Wagner, is also moving to United Artists as its chief executive officer.
"We were looking for a strategic partner (for UA) and we've found a strategic partner and it just so happens that he's the biggest star in the world," said MGM spokesman Jeff Pryor.
During the past decade, Cruise's films - which include the three Mission: Impossible movies - have generated more than $2bn (£1.5bn) worldwide.
But the third Mission: Impossible film put in a relatively disappointing performance at the box office.
Despite this, the 44-year-old actor was named the world's most powerful celebrity by US magazine Forbes earlier this year.