Tom Cruise and Katie Holmes Quick Divorce Settlement: It Was In Tom’s Best Interest For His Brand, Says HLN Host Jane Velez-Mitchell (VIDEO)

Katie Holmes and Tom Cruise have reached a settlement this week, only 11 days after Holmes, 33, filed for divorce on June 29 from her husband of five and a half years — but why the quickie agreement?

“Tom is a brand and that brand gets tarnished every single day that passes and the media speculates why they got divorced,” HLN anchor Jane Velez-Mitchell told Celebuzz, answering questions in our #AskJane video feature. “It was in his best interest to get a settlement and get one quick.”

What else did Jane have to add about the Hollywood split?

“There was so much at stake,” Velez-Mitchell says of the couple, who are worth an estimated $270 Million. “Tom Cruise is arguably the most successful Hollywood actor, perhaps ever.”

The newsmaker goes on to commend the exes, saying, “Let’s face it, in Hollywood a five year marriage is like 50 years anywhere else.”

Watch the video above for more with Jane.

Each week, we take questions for Velez-Mitchell, who addresses these topics and more on her HLN show Jane Velez-Mitchell, at 7PM EST.

Check out for more details.

In the meantime, send us your questions for Velez-Mitchell on Facebook or tweet your questions to @CELEBUZZ using the hashtag #askjane — or, simply write your question below in the comments section.

We’ll send your questions along to Jane, who will pick her favorites and answer them on video which we’ll publish exclusively here on Celebuzz.

Tom Cruise and Katie Holmes Divorce: Celebuzz’s Complete Coverage:

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Tom Cruise, Katie Holmes Divorce: Connor Cruise Tweets ‘Family Is Forever’

Katie Holmes Films ‘Project Runway’ Amid Tom Cruise Divorce Drama, Ditches Wedding Ring (PHOTOS)

Katie and Tom’s Divorce: What the Comedians Are Saying (PHOTOS)

Katie Holmes Could Use Tom Cruise’s Divorce with Nicole Kidman Against Him, Says Lawyer

Tom Cruise’s Lawyer: We Hope Katie Holmes’ Divorce Is Not ‘Contentious’

Breaking Down Tom and Katie’s $275 Million Battle

Tell Tale Signs The Split Was Looming

The Former Couple’s Shared Estates (PHOTOS)

Wedding Photographer Remembers Couple’s Italy Nuptials (EXCLUSIVE)

The Couple’s Relationship Timeline (PHOTOS)

10 Unforgettable Quotes About Their Relationship (PHOTO GALLERY)

Cruise Is ‘Saddened,’ Rep Says

Their Last Red Carpet Appearance (PHOTOS)

Cruise Was On Set In Iceland Days Before Announcement