This is the film production company of Tom Cruise and Paula Wagner.
1st Logo (December 14, 2001-February 1, 2008)
Logo: On a black background there is a white box filled with C|W letters, and PRODUCTIONS is below fitting the width of the box.
Availability: Rather common in some movies like Elizabethtown and War of the Worlds. It's last appearance was seen on The Eye.
2nd Logo (May 5, 2006)
Logo: On a black background we can see the name "CRUISE | WAGNER" with the word "PRODUCTIONS" below the name which is separated by a horizontal line. All words are made from crystal blue material.
Availability: It only appeared in Mission Impossible 3.