Looks like Tom Cruises’ appearance on MTV Movie Awards wasn’t just a bit of fun, but a huge promotion for a new movie from Paramount and MTV Films. If you missed his performance on the movie, you can check it out here. He came on as his the character he played in Tropic Thunder, a cutthroat, rude movie executive who has huge hands and liked to get down to some funky beats!

Craig pointed towards what Cruise said at the awards as the possibility of a film but now Paramount has issued an official press release written as if Grossman (a film producer parody character) had written it. This comes to us courtesy of Nikki at Deadline.

HOLLYWOOD, CA (June 9, 2010) – Paramount Pictures and MTV Films announced today that they are set to develop a movie around mega-producer Les Grossman. The announcement comes on the heels of Grossman’s groundbreaking and visionary production of the soon-to-be Emmy® award-winning 2010 MTV Movie Awards Sunday night. Tom Cruise, along with Ben Stiller and Stuart Cornfeld of Red Hour Films will produce and have secured the life rights to Grossman.

Grossman, best known as a mega producer, has most recently mentored talents such as Rob Pattinson and Taylor Lautner. In 2008, Grossman was introduced to the masses by Stiller in the comedy “Tropic Thunder” where the famed producer had a cameo playing himself.

Said Ben Stiller: “Les Grossman’s life story is an inspiring tale of the classic human struggle to achieve greatness against all odds. He has assured me he plans to quote, ‘F**king  kill the sh*t out of this movie and make Citizen f**king Kane look like a piece of crap home movie by the time we are done.’ I am honored to be working with him.”

When asked what the screenplay was about Grossman responded: “To quote my great friend Kirk Lazarus, ‘I don’t read the script, the script reads me.’”Adam Goodman, Paramount Film Group President said, “Everything I learned in this business, I’ve learned from Les. I started out as his assistant, and from the first day he threw his desk at me when I got his lunch order wrong, I have loved him like a father.  I am forever grateful to Ben and Stuart Cornfeld and their ability to secure his highly-coveted life rights,”Tom Cruise is said to be in talks to portray Grossman in the film.Michael Bacall (“Scott Pilgrim vs. the World”) will write the script.

More as we get it.