Washington Redskins owner Daniel Snyder has agreed to finance Tom Cruise’s production company, less than a week after the actor ended a 14-year partnership with Paramount Pictures.

Under the two-year renewable agreement, Snyder’s investment partnership First & Goal LLC will pay between $3 million and $10 million per year to cover overhead and development costs for Cruise/Wagner Productions. The company has co-produced multiple Cruise blockbusters, including the “Mission: Impossible” franchise, in addition to independent films such as 2003’s “Shattered Glass.”

In return for his investment, Snyder will have the opportunity to finance and profit from future film projects.

The deal further expands Snyder’s entertainment holdings, which already include the Redskins and the Six Flags chain of amusement parks. Earlier this summer, Snyder launched three local radio stations to broadcast Redskins games.

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First & Goal, which was created specifically for the Cruise/Wagner deal, also includes Reston, Va., construction executive Dwight Schar and Six Flags chief executive Mark Shapiro. Shapiro, whom Snyder selected last year to head the amusement park operations, will oversee the Cruise/Wagner investment.

A representative for Snyder and Schar declined to comment, and Shapiro was unavailable.

Last week, Viacom Inc. chairman Sumner Redstone chose not to renew Cruise’s contract with Paramount Pictures, citing the actor’s public behavior. In an interview with the Wall Street Journal, Redstone said Cruise had alienated movie audiences, potentially costing the studio between $100 million and $150 million in ticket sales.